by danag » Thu Mar 19, 2009 08:25 pm
What does the clause "Further, I agree to reimburse and indemnify all released parties for any amouynts which any insurance carriers, government entities, or other persons or organizations may recover from them in reimbursement for amountys paid to me or on my behalf as a result of this accident by way of contribution, subrogation, indemnity or otherwise" mean
Posted: Thu Mar 19, 2009 10:31 pm Post Subject:
It means that you agree to pay back the party making payment and having you sign the release should any of those listed entities also make payment on the same loss. Or in other words, should anyone else pay you toward the same claim (paying the same loss for a 2nd time), you agree to pay that money back to the party paying you under this release.
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