This much welcomed new edition examines all recent developments in the field of contractual indemnities.The first edition of this landmark text provided a coherent theory of the promise of indemnity while also addressing important practical issues, such as the construction of contractual indemnities. This new edition retains its hallmark dual perspective: setting out the foundational general principles and exploring specific forms of indemnity.This new edition also explores illegality post Patel v Mirza; extends the discussion of implied indemnities; examines the impact of Woods v Capita Insurances Services Ltd; and looks at performance bonds, guarantees and indemnities. The book states English law but it draws upon a considerable amount of material from other common law jurisdictions, including Australia, Canada, New Zealand and Singapore. It will appeal to readers from those countries.