WebCredenza 2025 Indemnity agreements, in business and commercial transactions: Types and tradeoffs

Recording available after the original program date, 5/21/2025

Indemnity agreements are central to the risk allocation and limitation of the liability system built into most transactional arrangements. The indemnitor agrees to indemnify the indemnitee on the occurrence of certain events. The scope of liability in these agreements is very carefully defined, often including actual costs but excluding consequential damages or any damages arising from third-party claims. All the pieces of the indemnity puzzle – scope, measure of damages, exclusions and procedures for cost recovery – must be very carefully considered, negotiated and drafted. This program will provide you with a practical guide to drafting key provisions of indemnity agreements in transactional agreements. 

• Scope of indemnity – indemnity v. hold harmless, damages v. liabilities, direct v. third-party claims.
• Types of losses subject to indemnity – breaches of reps and warranties, covenants, losses, specific circumstances.
• Determining recoverable damages and costs, including attorneys’ fees.
• Implied or equitable indemnity – and use of disclaimers to limit liability.
• Difference between the duty to defend v. indemnification.
• Procedure for claiming and obtaining indemnification reimbursements.

Opinions and positions stated by presenters of MoBarCLE programs are those of the presenters and not necessarily those of The Missouri Bar. This program is intended as information for lawyers in Missouri, in conjunction with other research they deem necessary, in the exercise of their independent judgment.

Note: This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for GAL Certification, ethics, elimination of bias or Kansas credit.