A Letter of Indemnity (LOI) protects parties in contracts by ensuring obligations are met or compensation is provided. Learn ...

The termination of the indemnification agreement is expected to be immediately accretive to Resideo's adjusted earnings per share and free cash flow. "This agreement with Honeywell marks a significant ...

Under the terms of the Agreement, Resideo will accelerate all of its potential indemnification and reimbursement obligations and make a one-time cash payment of $1.59 billion to Honeywell in the ...