“The Company must indemnify Checkout.com for any Losses incurred if the Vault Data stored by the Company with Checkout.com is found to be stolen or misused in any manner.”
This analysis describes what Checkout.com's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This indemnity shifts financial exposure for Vault Data theft or misuse entirely onto the Company, even though the data is stored with Checkout.com.
Checkout.com requires the Company to bear full financial responsibility for any Losses arising from the theft or misuse of Vault Data, regardless of how it occurred.
How other platforms handle this
Company will be responsible for all costs of collections and damages if amounts owed are not paid in full by Company.
Company must promptly notify Ramp of each claim for which Company is seeking indemnification under Section 9(b) above.
The Credit Karma Parties reserve the right, at their own expense, to assume the exclusive defense and control of any matter subject to indemnification by you
"The Company must indemnify Checkout.com for any Losses incurred if the Vault Data stored by the Company with Checkout.com is found to be stolen or misused in any manner.Excerpt from Checkout.com's Terms
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This indemnity shifts financial exposure for Vault Data theft or misuse entirely onto the Company, even though the data is stored with Checkout.com.
Checkout.com requires the Company to bear full financial responsibility for any Losses arising from the theft or misuse of Vault Data, regardless of how it occurred.
ConductAtlas has identified this type of provision across 224 platforms. See the full comparison.
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