Sample Indemnity And Hold Harmless Agreement

• Category: Contracts - Indemnification
• State: Multi-State
• Control #: US-0818-WG
• Format: Word; Rich Text

Description

This is a sample form in which the Indemnitor hereby unconditionally and irrevocably indemnifies and agrees to reimburse, defend, exonerate, pay and hold harmless Lender and its directors, officers, policyholders, shareholders, employees, successors, assigns, agents, contractors, subcontractors, experts, licensees, affiliates, lessees, mortgagees, trustees and invitees, from and against any and all Environmental Damages arising from the presence of Hazardous Materials in, upon, about or beneath the Secured Property or migrating to or from the Secured Property, or arising in any manner whatsoever out of the violation of any Environmental Requirements pertaining to the Secured Property and the activities thereon, or the breach of any warranty or covenant or the inaccuracy of any representation of Indemnitor contained in the Loan Documents pertaining to Hazardous Materials or other environmental matters.

A sample indemnity and hold harmless agreement is a legal document that outlines the terms and conditions between two parties, typically in a business or contractual context, to protect one party (the indemnified party) from potential legal claims or expenses resulting from the actions or negligence of the other party (the indemnifying party). This agreement serves as a kind of insurance or protection against any financial or legal consequences that may arise due to a specific event or situation. By signing this agreement, the indemnifying party agrees to assume responsibility and liability for any damages, losses, or claims that may occur, protecting the indemnified party from bearing these costs. Keywords: sample indemnity agreement, hold harmless agreement, legal document, terms and conditions, contractual context, indemnified party, indemnifying party, legal claims, expenses, actions, negligence, insurance, protection, financial consequences, liability, damages, losses, claims. There are several types of sample indemnity and hold harmless agreements, each catering to specific circumstances or industries. Some of the most common types include: 1. General Indemnity Agreement: This agreement is a more comprehensive form of protection, providing indemnification against a wide range of potential liabilities and claims. 2. Construction Indemnity Agreement: Specifically designed for the construction industry, this agreement covers risks and liabilities associated with construction projects, including property damage, accidents, or injury on-site. 3. Product Liability Indemnity Agreement: This type of agreement is commonly used in manufacturing or retail sectors, where one party indemnifies the other against product defects, injuries caused by defective products, or lawsuits resulting from product malfunction. 4. Tenant Indemnity and Hold Harmless Agreement: This agreement is usually signed between a landlord and a tenant. It protects the landlord by holding the tenant responsible for any damages or legal claims arising from the tenant's occupancy or use of the leased property. 5. Event Indemnity Agreement: Used in event planning and management, this agreement protects organizers against claims arising from accidents, property damage, or injuries sustained by attendees during an event. 6. Professional Indemnity Agreement: Typically used by service professionals such as consultants, lawyers, or accountants, this agreement covers claims for professional negligence or errors and omissions in their services. By using these relevant keywords and understanding the different types of sample indemnity and hold harmless agreements available, individuals and businesses can make informed decisions regarding the need for such agreements and choose the most appropriate one for their specific situation.