Introduction
Formulate a Financial Plan
Know Your Net Worth
Manage & Minimize Debt
Accumulate Assets
Budget to Live Within Your Means
Understand Investing Basics
Plan for Retirement
Insure People & Property
Deal with Financial Advisors
Review Your Employment Contract
Make Plans for Your Estate
Make Good Decisions
Conclusion
Indemnification is an agreement to protect another party from injury or loss. In practical terms, indemnification clauses in employment agreements usually state that the offending party must cover the injured party’s losses, which may include attorney fees.
Ideally, you should avoid indemnifying others, but the employer is unlikely to remove the clause entirely. In such a case the best you can hope for is that the clause will be reciprocal. That is, you indemnify the employer and the employer indemnifies you.
