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    3. Indemnification Provisions In Incentives Agreements Best Practices And Special Public Entity Issues
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    Indemnification Provisions in Incentives Agreements: Best Practices and Special Public Entity Issues main photo

    Indemnification Provisions in Incentives Agreements: Best Practices and Special Public Entity Issues

    September 23, 2020

    Indemnification provisions are an important part of the fine print of many contracts. These clauses generally operate to protect one party against the other party’s actions or failures to act that lead to a loss claimed by a third party (not a party to the contract). A common example is the indemnification provisions (or entire agreements) used in the rental car setting. Before you drive off the lot, the rental car company will require you indemnify (or protect) it against a third party (not you) bringing a claim due to your being in an accident.

    Similarly, most incentive agreements contain one-way indemnification provisions, requiring the incentive recipient to indemnify and hold harmless the public entity against any possible risk and for any liability that could befall the public entity because of your project. The incentive provider will usually inform you that the indemnification provision cannot be mutual, is non-negotiable, and often includes provisions that go beyond traditional indemnification. Sorting through the legalese in these terms and conditions is a challenge in non-incentive contracts, and adding a public or quasi-public entity can make them more complicated.

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    1. A Top 10 True Western Town of the Year! Abilene, nestled in the state’s Smoky Hills region and an important economic center for the region.
    2. Strong Traditions, Vibrant Living A ‘modern-day Mayberry’ can easily be used to describe our charming and family-friendly communities.
    3. Best of All Worlds Dickinson County has good jobs and a strong economy combined with an excellent quality of life!
    4. A Proud Heritage History lovers can visit the Dwight D. Eisenhower Presidential Museum.
    happy child exploring local shop

    A Top 10 True Western Town of the Year!

    Abilene, nestled in the state’s Smoky Hills region and an important economic center for the region.

    smiling business owners

    Strong Traditions, Vibrant Living

    A ‘modern-day Mayberry’ can easily be used to describe our charming and family-friendly communities.

    business owner laughing with customers

    Best of All Worlds

    Dickinson County has good jobs and a strong economy combined with an excellent quality of life!

    We Like Ike memorbelia

    A Proud Heritage

    History lovers can visit the Dwight D. Eisenhower Presidential Museum.

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    Dickinson County Economic Development Corporation Logo
    Dickinson County Economic Development Corporation203 NW 15th Abilene, KS 67410
    Phone: 785-200-3518 Fax: 785-200-3520
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