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Arts and Artifacts Indemnity Program Domestic Indemnity OMB 31350123 Exp. 03/31/2021CFDA Number: 45.201, Funding Opportunity Number: 2020FCAHDOM02How to Apply Read these instructions carefully before
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No indemnification refers to a legal statement or clause indicating that a party will not be compensated for losses or damages incurred during a specific situation or contract.
Typically, parties that are part of a contractual agreement where indemnification clauses are involved may need to file a no indemnification statement to clarify their liability.
To fill out a no indemnification form, one must provide relevant details including the parties involved, the specific situation or contract reference, and a declaration stating that indemnification will not be provided.
The purpose of no indemnification is to limit liability and clarify that one party will not be held responsible for certain losses or damages, thereby protecting them from potential financial risks.
Information that must be reported includes the names of the parties involved, the terms of the agreement, the nature of the contract or situation, and a clear statement of the no indemnification clause.
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