Making good indemnify refers to the act of compensating or reimbursing someone for a loss, damage, or liability incurred due to an agreement, contract, or legal obligation. It is a process of providing financial or other forms of remedy to restore the injured party to their previous position before the loss or damage occurred.
The term "making good" implies that the responsible party is taking appropriate actions to fulfill their obligation and rectify the situation. This can involve paying the necessary amount of money to cover the losses suffered by the other party.
Indemnify, on the other hand, means to secure against a loss, damage, or liability. It is a legal term that often refers to a contractual agreement where one party agrees to compensate the other party for any losses, damages, or expenses incurred as a result of a specified event or situation.
Therefore, making good indemnify encompasses the overall process of fulfilling a contractual or legal obligation by compensating the affected party for their loss or damage. The responsible party takes necessary steps to rectify the situation by providing financial restitution or other appropriate actions to ensure that the injured party is adequately indemnified.
Overall, making good indemnify involves the fulfillment of an agreement or legal obligation through compensatory measures to restore the affected party to their previous state and protect them against losses, damages, or liabilities.
