Rights of Indemnity Holder:
The following are the rights of indemnity holder against the indemnifier:
1. He can recover all damages which he may be compelled to pay in respect of any suit filed against him.
2. He can recover expenses in respect of any suit filed by him with the authority of indemnifier.
3. He can recover all expenses which he may have paid under the terms of any compromise of any such, provided the compromise was made with the consent of indemnifier.
Rights of Indemnifier:
It is a well known principle of law that where one person has agreed to indemnify another, he will on making good the loss, be entitled to all the ways and means by which the person indemnified might have protected himself against or reimbursed himself for the loss.
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