Legal Articles Indemnity Clause – Showstopper of Contract October 17, 2017 by Mandar R Rane | Leave a Comment Indemnity Clause is governed under Section 124 of Indian Contract Act, which is defined as a contract by which one party promises to save the other from loss caused to him by the conduct of the promise himself, or by the conduct of any other person, is called a “contract of indemnity”. Thus the […] Read more » Classification of Indemnity Fundamentals of Indemnity Clause Implied Indemnity Indemnity Indemnity and Damages Indemnity and Insurance Indemnity Clause Rights of Indemnity Holder Showstopper of Contract