Sample Indemnification Clause For Contract

State:
Multi-State
Control #:
US-00525
Format:
Word; 
Rich Text
Instant download

Description

The Sample Indemnification Clause for Contract serves as a vital document in establishing the responsibilities of a guarantor and indemnitor in relation to a seller. This clause guarantees that the guarantor, a person named in the contract, commits to covering the seller’s obligations and ensuring protection against any losses or damages incurred. Key features include the unconditional nature of the guarantee, the waiver of notifications regarding acceptance or default, and the joint and several liability of multiple signers. It also emphasizes the need for written amendments or waivers to the agreement. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to create enforceable agreements to safeguard their clients’ interests in various transactions. It simplifies the legal framework around guarantees and indemnification, providing a structured approach to risk management in contractual relationships. The plain language and organized structure make it accessible for users with varying levels of legal experience.
Free preview
  • Preview General Guaranty and Indemnification Agreement
  • Preview General Guaranty and Indemnification Agreement

How to fill out General Guaranty And Indemnification Agreement?

The Sample Indemnification Clause For Contract you see on this page is a multi-usable formal template drafted by professional lawyers in compliance with federal and local laws and regulations. For more than 25 years, US Legal Forms has provided people, businesses, and legal professionals with more than 85,000 verified, state-specific forms for any business and personal scenario. It’s the fastest, easiest and most reliable way to obtain the documents you need, as the service guarantees bank-level data security and anti-malware protection.

Obtaining this Sample Indemnification Clause For Contract will take you only a few simple steps:

  1. Search for the document you need and review it. Look through the sample you searched and preview it or check the form description to verify it suits your needs. If it does not, use the search option to find the right one. Click Buy Now once you have located the template you need.
  2. Subscribe and log in. Opt for the pricing plan that suits you and register for an account. Use PayPal or a credit card to make a quick payment. If you already have an account, log in and check your subscription to continue.
  3. Get the fillable template. Choose the format you want for your Sample Indemnification Clause For Contract (PDF, Word, RTF) and download the sample on your device.
  4. Complete and sign the document. Print out the template to complete it by hand. Alternatively, utilize an online multi-functional PDF editor to rapidly and precisely fill out and sign your form with a legally-binding] {electronic signature.
  5. Download your papers one more time. Make use of the same document again anytime needed. Open the My Forms tab in your profile to redownload any earlier saved forms.

Subscribe to US Legal Forms to have verified legal templates for all of life’s situations at your disposal.

Form popularity

FAQ

Company agrees to protect, defend, [hold harmless,] and indemnify (collectively ?Indemnify? and ?Indemnification?) [ABC], its subsidiaries, and its and their respective successors, assigns, directors, officers, employees, agents, [stockholders (in the case of a privately held company),] and affiliates (collectively, ? ...

The supplier agrees to indemnify and hold harmless the customer against all claims arising in respect of any injury, death, sickness or ill-health caused to or suffered by the customer and its personnel as a result of performance or non-performance of this Agreement.

Company shall indemnify, defend, and hold harmless Dealer, its partners, agents and employees, and their respective successors and assigns of, for, from and against any and all claims, losses, damages, liabilities, judgments, penalties, fines and expenses, including, but not limited to, reasonable attorneys' fees and ...

Sponsor shall indemnify and hold Institution, System, their Regents, officers, agents, and employees harmless against any and all claims, demands, damages, liabilities and costs which directly or indirectly result from, or arise in connection with, any negligent act or omission of Sponsor, its agents, or employees, ...

Some best practices to draft an indemnification clause are: use plain and simple words, avoid jargon or technical terms, specify the parties and the claims or losses covered by the indemnity, define the terms and conditions of the indemnity, include any exceptions or limitations of the indemnity, and use headings and ...

Trusted and secure by over 3 million people of the world’s leading companies

Sample Indemnification Clause For Contract