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Hi and welcome to JA. Ray here to help you today.
It means if either are sued for something that occurred here that involved both of you that both are liable and that the other party would reimburse the party sued here.
Usually this is even more one sided the consultant agrees to reimburse and hold harmless, this is really pretty evenly written.You can usually negotiate it out here or at least try if you want to.
I appreciate the chance to help you today.Please let me know if you have more follow up.Thanks again.
Pretty standard among consultant agreements, here is more information.
This really only comes into play if there is a third party suit you both agree to be equally liable and it has to involve something you were both involved in as well.Again this is fairly written and not nearly as oppressive as it could be here.
No but you both agree to be equally liable so recovery for either one would be equally liable.It assigns 50-50% fault so for instance any suit would would be reduced by 50%.This really is for suits or claims by third parties here and thats what it is used for.
Only if you add such language.
As an independent consultant we agree to mutually indemnify each other for all conduct and activity. The parties agree that such indemnification ends in the event he contract is terminated on the date of termination.
Something like that-- it is negotiable.
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