Letter Of Indemnity

  

Categories: Insurance

It's more or less a hybrid insurance policy. "If you wreck my car while you're driving my dog to the hair-dresser, it won't be your fault. I indemnify you for any damages."

That's it. It's a letter. Signed by an adult, not a dog. And it has teeth in court. Just give it a tennis ball to chew on.

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looked at myriad details and data and volume counts of plastic cubes in their

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inventory and then they've looked at their distribution contracts

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you know with truckers and retail stores and drone deliverers and then they've [Drone flying in the air]

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looked at their bank accounts both the onshore ones and the offshore ones that

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you know they don't really like to talk about and then about 87 ish other things

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that all those people look at and then they write a letter like an actual

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letter which is usually given to the Board of Directors or an acquirer or

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the investigating party whoever that is and that letter states that what the

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company says it has or does is in fact what it has or does which is a good [Man discussing comfort letters]

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