Massachusetts Indemnification Agreement for Personal Property

State:
Multi-State
Control #:
US-60899
Format:
Word; 
Rich Text
Instant download

Description

Shareholders of a certain company and a particular purchaser executed an Asset Purchase Agreement. The shareholders agree to defend, and hold the purchaser harmless against any and all damages, loss, liability, or deficiency sustained or incurred by purchaser which arises out of or results from any liability or obligation which may become due.

How to fill out Indemnification Agreement For Personal Property?

US Legal Forms - one of the largest collections of legal documents in the United States - offers a vast selection of legal record templates that you can download or print.

Through the website, you can find thousands of forms for business and personal needs, organized by categories, states, or keywords. You can access the latest forms like the Massachusetts Indemnification Agreement for Personal Property in just minutes.

If you already have a monthly subscription, Log In and retrieve the Massachusetts Indemnification Agreement for Personal Property from the US Legal Forms library. The Download button will be available on each form you view. You can access all previously acquired forms in the My documents section of your account.

Process the payment. Use your credit card or PayPal account to complete the transaction.

Select the format and download the form onto the system. Edit. Complete, modify, and print out and sign the downloaded Massachusetts Indemnification Agreement for Personal Property.

  1. Ensure you have chosen the appropriate form for your city/county.
  2. Click the Preview button to review the form`s content.
  3. Check the form description to confirm that you have selected the correct document.
  4. If the form does not meet your requirements, utilize the Search area at the top of the screen to find one that does.
  5. Once you are satisfied with the form, confirm your selection by clicking the Get now button.
  6. Then, choose the payment plan you prefer and provide your information to register for the account.

Form popularity

FAQ

When the term indemnity is used in the legal sense, it may also refer to an exemption from liability for damages. Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damages caused by another party.

Hold Harmless the hold harmless provision of the indemnification clause absolves the second party of any blame for any loss caused by the first party's negligence, after the loss has been determined by litigation, arbitration or settlement.

A personal indemnity agreement is an agreement between you and the bond company that states that you will compensate the surety company for any losses.

In Massachusetts, indemnity agreements are generally enforceable unless an applicable statute or public policy invalidates them. While other states strictly construe indemnity agreements against the drafter, Massachusetts interprets them according to normal contract law.

A hold harmless agreement (or harmless agreement) is a legally binding agreement stating that one party will not hold the other party responsible (or liable) for the risk of physical or property damage.

Company/Business/Individual Name shall fully indemnify, hold harmless and defend and its directors, officers, employees, agents, stockholders and Affiliates from and against all claims, demands, actions, suits, damages, liabilities, losses, settlements, judgments, costs and expenses (including but not

A hold harmless agreement is a clause typically included in construction contracts to release one party from consequences or liabilities due to the act of the other.

What is an Indemnity Agreement? An indemnity agreement, also known as a hold harmless agreement, waiver of liability, release of liability, or no-fault agreement, safeguards the indemnified party against loss or damages associated with a third-party business arrangement.

Indemnification provisions are generally enforceable. There are certain exceptions however. Indemnifications that require a party to indemnify another party for any claim irrespective of fault ('broad form' or 'no fault' indemnities) generally have been found to violate public policy.

Indemnification provisions are generally enforceable. There are certain exceptions however. Indemnifications that require a party to indemnify another party for any claim irrespective of fault ('broad form' or 'no fault' indemnities) generally have been found to violate public policy.

Trusted and secure by over 3 million people of the world’s leading companies

Massachusetts Indemnification Agreement for Personal Property