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An indemnity is a risk transfer used in contracts between two or more parties that allocates who will pay for certain types or causes of loss.
In accordance with the University���s Signing Authorizations Policy (B10-11) and Indemnity Approval Policy (AD 3.14) all contracts with either indemnity or insurance language must be sent to risk_srs@sfu.ca for review and approval before being presented for signature and execution by the authorized signing officer.