“The Client will defend, indemnify and hold Plaid harmless from and against all third-party claims... arising from or in connection with: (i) Client breach of any laws or regulations (including with respect to privacy)”
This analysis describes what Plaid'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
The Client bears full financial responsibility for third-party claims that result from its own legal violations, which can include costly privacy-related litigation.
The Client is required to defend and financially protect Plaid whenever third-party claims arise from the Client's legal or regulatory violations.
How other platforms handle this
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 Indemnifying Party will have the sole right to conduct the defense of any Claim for which the Indemnifying Party is responsible hereunder, provided that the Indemnifying Party may not settle any Claim without the Indemnified Party's prior written approval unless...
In the event you are required to indemnify us pursuant to this Agreement or any court rulings, you must secure all necessary approvals and consents from regulatory authorities for the remittance of any indemnified amount to us.
"The Client will defend, indemnify and hold Plaid harmless from and against all third-party claims... arising from or in connection with: (i) Client breach of any laws or regulations (including with respect to privacy)Excerpt from Plaid's Terms of Use
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The Client bears full financial responsibility for third-party claims that result from its own legal violations, which can include costly privacy-related litigation.
The Client is required to defend and financially protect Plaid whenever third-party claims arise from the Client's legal or regulatory violations.
ConductAtlas has identified this type of provision across 224 platforms. See the full comparison.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Plaid.