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There are hundreds upon hundreds of languages spoken around the world by different people. An indemnification is a contractual obligation made by one party – the indemnitor – to redress the damages, losses and liabilities experienced by another party – the indemnitee – or by a third party. Within an SLA, an indemnification clause will require the service provider to acknowledge that the customer is not responsible for any costs incurred through violations of contract warranties. The indemnification clause will also require the service provider to pay the customer for any litigation costs from third parties that resulted from the contract breach. Even though the law requires that 401K deposits be held in a custodial account, to keep your money safe, … Read the rest