Examlex
In three words, describe the shape of the water table around a pumping well.
Indemnify
To compensate for harm or loss; in legal contexts, often involves a party agreeing to bear any losses or damages incurred by another party.
Third-party Claims
Third-party claims involve demands for compensation or legal action brought by someone who is not a direct party to a contract, usually in liability or insurance cases.
Insurance
A contract by which an insurance company, the insurer, promises to pay a sum of money or give something of value to another, either the insured or the beneficiary, to compensate for a specified loss.
Concurrent Property Ownership
Ownership of property by two or more parties at the same time, where each party has an undivided interest in the whole property.
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