South Dakota Codified Laws 37-2-36. Reasonable indemnification and insurance policies permitted
Current as of: 2023 | Check for updates
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Nothing in §§ 37-2-34 to 37-2-38, inclusive, precludes a franchisor from requiring the franchisee to obtain reasonable indemnification and insurance policies.
Terms Used In South Dakota Codified Laws 37-2-36
- 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
Source: SL 2008, ch 201, § 3.