Critical Analysis of Contract of Indemnity


Aditya Kashyap, Symbiosis Law School, Pune.*


Abstract


The security or protection given against a loss or other form of financial burden is referred to as indemnity. A contract of indemnity is a contract in which one party protects another from financial loss or burden on the basis of the terms of the contract. Section 124 and Section 125 of the Indian Contract Act, 1872 extensively cover and provide for contract of indemnity. However, there are certain shortcomings in the same such as need for express contracts, the silence of the provisions on the rights of the indemnifier etc.


 

* First Year Law Student pursuing B.B.A. L.L.B.from Symbiosis Law School, Pune.


Critical Analysis of Contract of Indemnity-NLR
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Journal Details
Abbreviation: NLR 

ISSN:   2582-8479 (O)

Year of Starting: 2020

Place: New Delhi, India

Accessibility: Open Access

Peer Reviewer: Double Blind

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​All research articles published in NLR and are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution, and reproduction in any medium provided the original work is properly cited.

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