Schadlosigkeit
Schadlosigkeit is a German legal term that translates to "indemnity" or "hold harmless" in English. It refers to a contractual agreement where one party (the indemnitor) agrees to protect another party (the indemnitee) from any loss, damage, or liability that may arise from a particular situation or transaction. This protection often involves the indemnitor taking responsibility for defending the indemnitee against third-party claims and covering any resulting judgments or settlements.
The concept of Schadlosigkeit is commonly found in various legal contexts, including contracts for services, leases,