An agreement should indemnify the indemnitee against any lawful claim by any other party on account of the lost instrument, and against all costs and expenses by reason of the claim. The agreement should be sufficient in amount to cover the instrument and reasonable expenses connected with a claim against the agreement. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Kansas Indemnity Against Loss Resulting from Lost or Mislaid Deed
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State:
Multi-State
Control #:
US-01865BG
Format:
Word;
Rich Text
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How to fill out Indemnity Against Loss Resulting From Lost Or Mislaid Deed?
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FAQ
Indemnification, also referred to as indemnity, is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified party) for certain costs and expenses, typically stemming from third-party claims.
These Deeds are usually required from directors, company secretaries, sole proprietors or partners. However the CAA may require Deeds of Indemnity from non-executive directors, shareholders or others if it believes that they have significant influence on the trading of the ATOL.
A Deed of Guarantee & Indemnity is a document signed by parties in order to confirm that one of the parties to a contract will guarantee the performance of one of the other parties.
Although similar to a hold harmless agreement, an indemnity agreement is an arrangement whereby one party agrees to pay the other party for any damages regardless of who is at fault.
A deed of indemnity is a type of agreement between multiple parties that specifies the consequences of a specific event or events, usually based on protecting one or more of the parties from being held responsible.
The deed of indemnity is an agreement between the company and a director. It may give current and former directors: the benefit of an indemnity. D&O insurance.
