• Indemnity Protection or exemption from loss or damage.
  • That which cannot be undone, annulled, or made void such as an indefeasible claim.

irreversible, irrevocable, incontestable, unalterable, binding, permanent

Related Terms and Acronyms

  • Addendum Definition,
    • A change made to a contract.
  • Breach of Contract (BOC) Acronym,
    • Failure to abide by terms of a legal agreement without a legal excuse.
  • Contract Definition,
    • An agreement between two or more parties that can be enforced by law.
  • Non-Cancellable Definition,
    • A contract or section of a contract that cannot be modified.
  • X Definition,
    • A symbol used in contracts, or other legal documents, representing where a signature should appear.
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