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Indemnity Agreement

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Indemnity Agreement

File Type: Word         Price: $4.99           

                                                                               

Summary: An indemnity agreement is an agreement whereby one party agrees to protect another party against certain future losses or claims. For example, suppose Company A would like to enter into a contract with Company B to build a swimming pool or some other project often associated with risk and liability, but Company B is hesitant because of the potential future liability of such projects. Company A may indemnify Company B against any future claims that may arise due to Company B's participation in the project. Company B is protected and Company A gets the participation of Company B. Indemnity agreements formalize this understanding between the companies and will set out the terms of the indemnification. 

 

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Return On Investment:  Save 1 to 2 hours over preparing this indemnity agreement yourself or having an attorney prepare.

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