[netdog]

A few years ago a potential client produced a similar contract, wherein they wanted me to indemnify them against any future litigation regarding possible copyright/patent infringement. I explained my position this way:

You want me to produce a work for hire, which you will own. Since you will own it, you will also own all the potential profits you may be able to derive from the work. Therefore, it is appropriate that you also own all the potential risk of losses. You are asking me to carry a share of the potential risks, but without any share of the potential profits.

They decided to look for someone else.