When a person acts under the instructions of a party to a contract, it shall be deemed to be an indemnity contract in the event that a person undertakes to bear any loss or damage that may be caused to him or to such party or a third party as a result of his actions.
(2) If there is an agreement as per sub-section (1), such person may take any or all of the following amounts as compensation under such agreement:
(a) The amount of damages as mentioned in the contract,
(b) the amount to be paid for the loss, damage to the third party,
(c) the amount of expenses incurred in such suit if filed or defended by him in relation to an agreement relating to damages,
(d) If a case has to be filed due to non-payment of the amount as per clause (a), (b) or (c), the amount of expenses incurred in such case.
(3) Notwithstanding anything contained in sub-section (2), except as otherwise provided in the contract, if any person acting under the direction of another party knowingly causes loss, malice to cause loss or acts negligently, such loss or loss is caused to such party or a third party. , the person doing such work will be responsible for the loss.