Finance and Law
At its core, indemnity refers to a protection mechanism, typically found within contracts, aimed at safeguarding one party from financial loss or liability arising from actions taken by another party.
At its core, indemnity refers to a protection mechanism, typically found within contracts, aimed at safeguarding one party from financial loss or liability arising from actions taken by another party.
The concept of fiduciary duties is fundamental in various professional and personal relationships. A fiduciary is an individual or entity entrusted with the responsibility of acting on behalf of another party, known as the principal.
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