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The word indemnity means security or protection against a financial liability. It typically occurs in the form of a contractual agreement made between parties in which one party agrees to pay for losses or damages suffered by the other party.
It should include the duration of the contract, the duties of the guard, the compensation to be paid, and other details related to the agreement. The contract should also include a clause allowing either party to terminate the contract at any time.
You can prepare your own security agreement using an online form, or you can consult an attorney to create one for you. Some key provisions in a security agreement include: Describing the collateral as accurately and as detailed as possible, so both the borrower and the lender agree upon the secured property.
A security guard service agreement governs the relationship between a security guard and their client. This may be between an individual security guard or a security guard business. Your security guard service contract must be drafted well so that it is enforceable in the event something goes wrong.
In an indemnification clause, one party agrees to protect the other from certain damages. These damages may include property loss or personal injury due to acts by certain people or entities. In your case, it would include guards, your company or your customer.