Hold Harmless & Indemnification Policy
Last updated: 2025-08-20
Supplier agrees to defend, indemnify, and hold harmless Sourcible and its affiliates, officers, and employees from and against any claims, losses, liabilities, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to: (a) supplier listings or products; (b) counterfeit, defective, or non‑conforming goods; (c) infringement of third‑party rights (including IP); (d) violations of export/sanctions laws; (e) breach of Sourcible terms or policies; and (f) negligence or willful misconduct.
1. Process
- Prompt written notice of any claim (delay does not relieve obligations except to the extent of prejudice).
- Supplier controls defense with counsel reasonably acceptable to Sourcible; Sourcible may participate at its expense.
- No settlement admitting fault or imposing obligations on Sourcible without Sourcible’s prior written consent.
2. Insurance
Supplier will maintain commercially reasonable product liability and general liability insurance and provide proof upon request.
3. Remedies; Suspension
Sourcible may suspend or remove listings upon a suspected or actual violation pending investigation and resolution.
4. Governing Law
Alabama law governs; exclusive venue in Alabama courts.
This document is provided for convenience and does not constitute legal advice.