The Kansas Surface Use Agreement is a legal document that establishes the rights and responsibilities of a surface owner and a mineral rights owner in regard to the use of land in Kansas for oil, gas, or mineral extraction. This agreement contains provisions relative to indemnity, ensuring that both parties are held accountable for any damages or liabilities that may arise during the extraction process. One type of Kansas Surface Use Agreement is the Standard Surface Use Agreement. This agreement outlines the general terms and conditions for the use of the surface owner's land by the mineral rights' owner. It includes provisions for indemnification, which specify how the parties will handle any claims, damages, or liabilities resulting from the extraction activities. Another type of Kansas Surface Use Agreement is the Customized Surface Use Agreement. This type of agreement is tailored to the specific needs and concerns of the surface owner and the mineral rights' owner. It may include additional provisions related to indemnity, such as specific insurance requirements, limitations on liability, or allocation of risks between the parties. The Kansas Surface Use Agreement, including provisions relative to indemnity, is crucial for protecting the interests of both the surface owner and the mineral rights' owner. By clearly defining their rights and responsibilities and addressing indemnification issues, this agreement helps minimize potential disputes and ensures fair compensation for any damages or losses that may occur during the extraction process.
Kansas Surface Use Agreement (Contains Provisions Relative to Indemnity)
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An indemnification clause should clearly define the following elements: who are the indemnifying party and the indemnified party, what are the covered claims or losses, what are the obligations and duties of each party, and what are the exclusions or limitations of the indemnity.
Example 1: A service provider asking their customer to indemnify them to protect against misuse of their work product. Example 2: A rental car company, as the rightful owner of the car, having their customer indemnify them from any damage caused by the customer during the course of the retnal. Indemnification Clause: Meaning & Samples (2022) Contracts Counsel ? indemnification-cl... Contracts Counsel ? indemnification-cl...
The Contractor shall defend, indemnify and hold the County, its officers, officials, employees and volunteers harmless from any and all claims, injuries, damages, losses or suits including attorney fees, arising out of or in connection with the performance of this Agreement, except for injuries and damages caused by ...
Indemnity clauses will specify what types of loss or harm they cover, for example: all lawsuits, actions or proceedings, demands, damages and liabilities; all claims, liabilities, losses, expenses and damages arising from the contract; loss or damage or injury to property; and.
How to Write an Indemnity Agreement Consider the Indemnity Laws in Your Area. ... Draft the Indemnification Clause. ... Outline the Indemnification Period and Scope of Coverage. ... State the Indemnification Exceptions. ... Specify How the Indemnitee Notifies the Indemnitor About Claims. ... Write the Settlement and Consent Clause.
Many indemnity clauses also include an obligation to defend against third-party claims. This includes the requirement to pay for legal defense fees and expenses, including attorney fees. The indemnifying party generally maintains the right to control the legal defense against the third-party claim. Indemnity Clauses: What You Need to Know - Clio clio.com ? blog ? indemnity-clause clio.com ? blog ? indemnity-clause
Homeowner sued Pulte and Parex for defective stucco. Pulte was the home builder and Parex was the manufacturer. Pulte cross-claimed against Parex. Parex moves to dismiss the indemnification claim on the theory that there is no contract between the parties and therefore, no right to indemnification. Indemnity Cases Summarized |Alexandria Accident Lawyer brienrochelaw.com ? tort-law ? tort-case-law brienrochelaw.com ? tort-law ? tort-case-law
For example, in the case of home insurance, the homeowner pays insurance premiums to the insurance company in exchange for the assurance that the homeowner will be indemnified if the house sustains damage from fire, natural disasters, or other perils specified in the insurance agreement. Indemnity: What It Means in Insurance and the Law - Investopedia investopedia.com ? terms ? indemnity investopedia.com ? terms ? indemnity
Indemnifications, or ?hold harmless? provisions, shift risks or potential costs from one party to another. One party to the contract promises to defend and pay costs and expenses of the other if specific circumstances arise (often a claim or dispute with a third party to the contract). Indemnification Clause Sample | Bloomberg Law Bloomberg Law ? brief ? indemnificatio... Bloomberg Law ? brief ? indemnificatio...
1) The indemnifier will have to pay damages which the indemnity holder will claim in a suit. 2) The indemnity holder can even compel the indemnifier to pay the costs he incurs in litigating the suit. 3) If the parties agree to legally compromise the suit, the indemnifier has to pay the compromise amount. Contract of Indemnity - Toppr toppr.com ? guides ? indian-contract-act-1872 toppr.com ? guides ? indian-contract-act-1872