Minnesota Restoration of Surface and indemnity by Assignee

State:
Multi-State
Control #:
US-OG-485
Format:
Word; 
Rich Text
Instant download

Description

The Restoration of Surface and indemnity by Assignee form, is used for the assignee to agree to restore the surface of the land included within the assigned assets as nearly as possible to its prelease condition when the use and operation on that part of the land is completed.

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FAQ

Under Minnesota law, pursuant to the Minn. Stat. § 559.217, either the buyer or the seller have the right to initiate a statutory cancelation of a residential purchase agreement if a default occurs or an unfulfilled condition exists after the date specified for fulfillment.

Minnesota's Consumer Protection Act (?CPA?) contains many consumer protection laws addressing specific industries including automobiles, farm equipment, repairs, and senior citizens. Minn. Stat. §§ 325F et seq.

However, Minnesota does have a Three-Day Cooling-Off Law (more formally known as the Home Solicitation Sales Act) for home solicitation sales. The law applies to the rental, lease or sale of goods or services for household or personal use,and also property improvements.

(a) A provision contained in, or executed in connection with, a design professional services contract is void and unenforceable to the extent it attempts to require an indemnitor to indemnify, to hold harmless, or to defend an indemnitee from or against liability for loss or damage resulting from the negligence or ...

The statute of limitations for filing a product liability claim will depend on the legal theory that the action is based on: Strict Liability: within four years. Negligence: if claiming personal injury, within two years, and if claiming property damage, within six years. Breach of Implied Warranty: within four years.

A purchaser has an unconditional right to rescind any contract, agreement, or other evidence of indebtedness, or revoke any offer, at any time prior to or within five days after the date the purchaser actually receives a legible copy of the binding contract, agreement, or other evidence of indebtedness or offer and the ...

Minnesota's anti-indemnity statute, first enacted in 1984, makes unenforceable indemnification agreements in construction contracts except to the extent that the underlying claim is attributable to the negligent or wrongful act of the party providing the indemnity (or that party's contractors, agent, or employees).

When a transaction is covered by the Three-Day Cooling-Off Law, you have three business days to cancel the contract.

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Minnesota Restoration of Surface and indemnity by Assignee