A Deed of Indemnity is a contractual agreement in which one party agrees to protect another from any claims, losses, liabilities, or damages resulting from an action. The indemnifying party—the one bearing responsibility for losses incurred by the other—pledges to reimburse the other party for costs associated with such losses or damages. This agreement ensures that both parties are adequately compensated in the event something goes wrong, allowing them to avoid costly legal battles and lengthy court proceedings. In other words, a Deed of Indemnity provides peace of mind for both parties.