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Sunday 2 December 2018

MBoB Indemnity Contract- a typical example of corporates shying away from their own accountability by way of Standard Form Contract


If you are client of Bank of Bhutan and avail their mBoB facility, the moment you log in, the first you see is “Indemnity: You Agree to indemnify & hold BoB harmless against any direct or indirect loss arising due to technical failure, having wrongly transferred/recharged to unintended beneficiary. The transaction(s) will be executed solely at your own risk and responsibility. By accessing or using any features of mBoB application, you agree to this indemnity”.
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