New Jersey Statutes 58:10-23.11f21. Act not applicable to certain contracts or agreements
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Terms Used In New Jersey Statutes 58:10-23.11f21
- Contract: A legal written agreement that becomes binding when signed.
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
20. The provisions of this amendatory and supplementary act shall not affect any contract or agreement for legal defense and indemnification entered into by the Department of Environmental Protection with a contractor pursuant to P.L.1986, c.59 prior to the effective date of P.L.1991, c.373 (C. 58:10-23.11f8 et al.).
L.1991,c.373,s.20.