Common use of Nature of Indemnification Clause in Contracts

Nature of Indemnification. The Parties agree that the indemnification obligations are integral parts of this Agreement and that consideration has been provided therefore. This Agreement and the indemnification obligations given hereunder are freely and voluntarily given, and the Parties acknowledge and represent that they have fully reviewed the terms contained herein, that they are fully informed with respect to the legal effect of this Agreement, and that they have voluntarily chosen to accept the terms and conditions hereof.