What is an "indemnity clause" in a contract? A clause in a contract that requires one or more parties to pay for any losses that another party may incur as a result of a claim in relation to the contract A clause in a contract that lets one party sue another party for damages due to that party's negligence or misconduct A clause in a contract that protects a party against the actions of another party, even if they were caused by the first party's negligence or misconduct O A clause in a contract that requires one party to pay damages to another party if a certain event occurs Previous Page Next Page Page 1 of 2Question 6 (1 point) Listen What are the four requirements to create a legal and enforceable contract? intention to create a legal relationship, goods and money being exchanged, signed documents, and legality two parties, a signed document, goods and money being exchanged, and receipts O offer and acceptance, consideration, two or more parties, and legality intention to create a legal relationship, offer and acceptance, consideration, and legality L