Indemnity

An indemnity is an obligation by a person (indemnitor) to provide compensation for a particular loss suffered by another person (indemnitee).

Indemnities form the basis of many insurance contracts; for example, a car owner may purchase different kinds of insurance as an indemnity for various kinds of loss arising from operation of the car, such as damage to the car itself, or medical expenses following an accident. In an agency context, a principal may be obligated to indemnify their agent for liabilities incurred while carrying out responsibilities under the relationship. While the events giving rise to an indemnity may be specified by contract, the actions that must be taken to compensate the injured party are largely unpredictable, and the maximum compensation is often expressly limited.

English common law

Indemnity clauses

Under section 4 of the Statute of Frauds (1677), a "guarantee" (an undertaking of secondary liability; to answer for another's default) must be evidenced in writing. No such formal requirement exists in respect of indemnities (involving the assumption of primary liability; to pay irrespective of another's default) which are enforceable even if made orally. (Ref: Peel E: "Treitel, The Law of Contract")

Unification Church

The Family Federation for World Peace and Unification, founded as the Holy Spirit Association for the Unification of World Christianity, and commonly called the Unification Church or Unificationism, is a new religious movement founded in South Korea in 1954 by Sun Myung Moon. Since its founding, the church has expanded throughout the world with most members living in Korea, Japan, the Philippines, and other nations in East Asia. It has sponsored other organizations and projects over the years; including businesses, news media, projects in education and the arts, and political and social activism. The church was led by Moon until his death on September 3, 2012. Since then, his widow Hak Ja Han has assumed the leadership of the church.

Unificationist beliefs are derived from the Christian Bible and are explained in the church's textbook, the Divine Principle. It teaches that God is the Creator and Heavenly Parent, whose dual nature combines both masculinity and femininity and whose center is true love. The Blessing ceremony of the Unification Church, a wedding or wedding vow renewal ceremony, is a church tradition which has attracted wide public attention. The church has engaged in interfaith activities with other religions, including mainstream Christianity and Islam, despite theological differences.