An agreement or assurance whereby one party insures another party against an anticipated loss, or to prevent that party from being damaged by the legal consequences of an act or the failure to act by the party providing the indemnity or a third party.

Used to describe a situation where an employer dismisses an employee in breach of employment law, which may give rise to legal proceedings for reinstatement and/or compensation for dismissal.

A legal document, usually in writing, giving details of a formal legally binding agreement, between two or more different people or groups. To be legally binding it must contain certain elements: it must contain an offer made by one party and accepted in its entirety by the other, it must include some form of consideration whether it be money, goods or services, and it must be properly signed by all parties to it, and dated.