Office Lease Agreement Indemnification Article
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An Office Lease Agreement Indemnification Article is a office lease agreement that stipulates the responsibilities of one party to compensate the other against certain liabilities or losses.
- Context:
- It can (typically) shield or indemnify the landlord from losses that may occur during the lease's tenure.
- It can (typically) coexist with clauses related to promises to defend or holding one party harmless.
- It can particularly pinpoint situations like personal injuries, property damages, or other potential liabilities on the leased premises.
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- Example(s):
- A situation where a tenant assumes responsibility for maintaining common areas, such as snow removal, and indemnifies the landlord from any liability if someone slips due to unremoved snow.
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- Counter-Example(s):
- A general liability clause that doesn't specify who bears responsibility in particular situations.
- An insurance clause that only details the types and amounts of insurance the tenant and landlord must maintain.
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- See: Office Lease Agreement, Indemnity Clause, Real Estate Law, Commercial Property Liability, Promise to Defend, Hold Harmless.