Indemnification
A contractual promise by one party to cover specified losses of another.
Indemnification is a contractual obligation under which one party (the indemnitor) agrees to compensate the other (the indemnitee) for specified losses, often including third-party claims and the defense of them. Heavily negotiated terms include the scope of covered claims, whether defense is included, caps, and carve-outs.
An uncapped or one-sided indemnity is a frequent redlining target in contract review.