Indemnity Agreement
Business
Use our indemnity agreement template to limit your liability during any transaction for any claims brought by third parties.
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About This Form
An Indemnity Agreement is a legal contract that transfers risk from one party to another. It is used to protect one party from financial loss or liability in the event of a specific incident or claim. This agreement is commonly used in business transactions to ensure that one party is not held responsible for certain risks associated with the transaction. It is an essential tool for businesses looking to safeguard their interests and minimize potential legal exposure.
When to Use This Form
- When entering into a business transaction with potential risks
- To protect against claims from third parties
- When required by contract or regulatory requirements
- To clarify liability and risk allocation between parties
- In industries where risk management is critical, such as construction or manufacturing
Key Features
- Clearly defines the parties involved in the agreement
- Specifies the scope and limitations of indemnity
- Outlines the responsibilities and obligations of each party
- Includes provisions for legal defense and settlement
- May require the indemnifying party to maintain insurance coverage
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