Procedures for Notification of and Determination of Entitlement to Indemnification Sample Clauses

This clause defines the process by which a party must notify the other of a claim or circumstance that may give rise to indemnification, and outlines how entitlement to such indemnification is determined. Typically, it requires the party seeking indemnification to provide prompt written notice, include relevant details about the claim, and cooperate in any investigation or defense. The clause ensures that both parties understand the steps and requirements for asserting and evaluating indemnification rights, thereby reducing disputes and clarifying responsibilities in the event of a claim.