Example For Indemnity
Description
How to fill out Sample Environmental Indemnity Agreement?
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FAQ
An indemnity statement is a provision in a contract that requires one or both parties to compensate one another for any loss, liability, or harm that arises from the terms of the agreement.
Examples of indemnification include an insurance company paying to repair or replace damaged property, reimbursing medical bills, or covering legal settlements and fees that the insured is held liable for.
A typical example is an insurance company wherein the insurer or indemnitor agrees to compensate the insured or indemnitee for any damages or losses he/she may incur during a period of time.
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, ? ...
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, ...