The clauses on damages deal only with losses arising from a contractual breach. The parties may suffer all kinds of losses in the course of performance of the contract. These losses are covered by indemnity clauses. The two common indemnity clauses cover losses arising from a party not following the law; and violations in relation to intellectual property rights. In addition, there are indemnity clauses covering specific kinds of losses, depending on the nature of the contract. As the indemnity clauses are of a general nature, often, these are subject of interpretation to settle their scope. The chapter explores indemnity clauses.