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indemnification


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DEFINITION - In service level agreements (SLAs) and other legal contracts such as end-user license agreements (EULAs), indemnification is the part of an agreement that provides for one party to bear the monetary costs, either directly or by reimbursement, for losses incurred by a second party.

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LAST UPDATED: 15 Feb 2005

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More resources from around the web:
- This Tom's Hardware article warns that "Indemnification may become nightmare for Open Source community."
- Microsoft offers an indemnity primer for information technology consumers.





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