Nonprofit’s cost of indemnification agreement is $700,000

he nonprofit Vermont Swim Association has been ordered to pay the City of Rutland $700,000 under the indemnification provision in the contract that allowed the Association to use a city park for its annual swim meet. The Association was ordered to pay the cost of the City’s settlement of a claim brought on behalf of a child who fell from playground equipment while attending the meet. The agreement provided that the Association would “defend, indemnify and hold harmless Rutland … from all claims for bodily injury or property damage arising from or out of the presence of [the Association], including its employees, agents, representatives, guests and others present because of the event or [the...

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October 29, 2024

Marketers love to make their prospects feel special. But they sometimes don’t seem to want you to think about what they say to do it.

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Nonprofit’s cost of indemnification agreement is $700,000

Nonprofit’s cost of indemnification agreement is $700,000