What is indemnification? What does it mean when one party indemnifies the other?
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Indemnification essentially means one party protects the other financially. If you agree to indemnify me for claims or damages arising from something you’ve asked me to do, then you are agreeing to pay for any of those claims or damages should they arise.
To indemnify someone means you will never allow them to incur damage. That’s damage in the legal sense, meaning fines or legal responsibilities.
The “demn” in “indemnify” is the same as in “condemn”, and both are directly related to the curse word “damn”. The latter of which in its strictest sense means to condemn something in some way. In biblical contexts it often means sending someone’s immortal soul to hell, but it can mean being condemned with any undesirable fate, like being “damned to 10 years in prison” or “damned to pay a $50,000 fine”.
Therefore, you can roughly think of “indemnify” as “in-damn-ify”, i.e. “make something impervious to damnation”. If you can think of ways that someone can be “condemned” in a court of law, “indemnification” would be protection from most of those.
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