(A) (1) The grantee, by the acceptance of the franchise granted pursuant to this chapter, shall indemnify, defend and hold harmless the grantor, and its officers, boards, commissions, agents and employees, from any and all claims, suits and judgments for damages in any way arising out of or through or alleged to arise out of or through:
(a) The act of the grantor in granting the franchise; and
(b) The acts or omissions of the grantee and its servants, employees or agents.
(2) Both such indemnifications shall cover such claims arising in tort, contracts, violations of statutes, laws or regulations, or otherwise.
(B) In the event any such claim shall arise, the grantor shall tender the defense thereof to the grantee; provided, however, the grantor in its sole discretion may participate in the defense of such claims at its expense.
('65 Code, § 7-8.604) (Ord. 244-C.S., passed - - )