Indemnity Clause Language Change

Summary

Changing an indemnity clause from indemnify, pay and hold harmless to indemnify, defend and hold harmless increases the CMOs obligations. The CMO must now cover legal defense costs in addition to compensating for losses. This change can significantly impact the CMOs responsibilities and financial liabilities. Consider consulting a contract attorney for advice on how this change might affect your specific situation or contract.

Full Conversation

yes
The change from "indemnify, pay and hold harmless" to "indemnify, defend and hold harmless" means the CMO is now responsible for covering legal costs associated with defending against claims, in addition to compensating for any losses. This can result in significantly higher obligations for the CMO.
Would you like information on how this might affect your specific situation or contract?