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5 Cards in this Set
- Front
- Back
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indemnification clause
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compensation for incurred hurt, loss or damage
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liability
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legal responsibility to make good a loss or claim
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waiver of subrogation
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a release of rights to substitute one for another. In a legal contract a waiver of subrogation releases both parties from liability.
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acceptance
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signature on a contract
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Act of God clause
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part of a contract that releases both parties from liability in the event that something happens that is out of their control (i.e., hurricane, tornado, war)
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