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The Indemnity Agreement In Spanish

The distinction between compensation and damages is subtle and can be distinguished by taking into account the roots of the law of obligations: how can money be paid if the defendant does not make a mistake? The contract before termination is countervailable, but void, so there is a contract valid for a given period. During this period, both parties are legally bound. If the Treaty is to be signed from the outset, the obligations that have been fulfilled should also be replaced. Consequently, the compensation costs result from the claimant`s obligations (temporary and fulfilled) rather than from a breach of its obligations. [5] Indemnities form the basis of many insurance contracts; For example, a car owner may acquire different types of insurance as compensation for different types of losses resulting from the operation of the car, such as.B.