Definition, Meaning & Synonyms
indemnitee
noun
/ˌɪn.dɛm.nɪˈtiː/
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Definition
A person or entity that is protected by indemnity, which means they are entitled to compensation for harm or loss.
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Examples
- The contractor acted as an indemnitee under the terms of the contract.
- As an indemnitee, she expected the company to cover her legal fees.
- During the merger, both parties agreed on the responsibilities of the indemnitee.
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Meaning
In legal contexts, an indemnitee is someone who receives a promise or guarantee from another party (the indemnitor) to be compensated for certain losses or damages that may arise in the course of an agreement.
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Synonyms
- protected party
- compensation recipient
- indemnified entity