3. Exemption – Mutual compensation for the negligence of each party and also provides that the sponsor exempts the university from the rights arising from the use of the results of the study. It can only be used if the protocol or procedure used is that of the university. c. The debtor will receive or will have received payment under a valid and retractable insurance policy or a valid and enforceable indemnification clause, statute or agreement, unless the payment provided for in the insurance policy, clause, articles or agreement is not sufficient to fully indemnify the indemnification opponent, in the event that the compensation is liable for any payment; or 13.1 Both Parties agree that upon receipt of a request or remedy arising from the activities to be carried out in accordance with the project described in Annex A, the Party receiving such notification shall immediately inform the other Party thereof. The Sponsor agrees to provide at its own expense attorneys to defend against all actions brought or filed against the institution, the system, their regents, senior officers, representatives and/or collaborators regarding the subject matter of the compensation contained, whether such claims or claims are lawfully filed, and subject to the legal obligation of the Texas Attorney General, the institution undertakes to cooperate with the sponsor in the defense of such claims or measures. Notwithstanding provisions to the contrary, failure by the institution to comply with the above conditions shall not diminish the sponsor`s obligations to defend, compensate or reimburse the institution, the system, its regents, senior management, staff, representatives and members, in accordance with this Agreement, unless such non-compliance by the institution has contributed to the damage; For which the defense is sought compensation or reimbursement. Before obtaining security, debtors must sign a compensation agreement. This protects the warranty in the event of a right to loss or warranty.
(Learn more about indemnification agreements) Slight changes in wording can lead to great effects. There are different types of compensation agreements: compensation in a broad form, compensation in intermediate form, compensation in limited form, comparison, implicit, etc. . . .
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