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North Carolina Owner/Borrower/Contractor Affidavit and Indemnification Agreement

Category:
State:
North Carolina
Control #:
NC-S013ST
Format:
Word; 
Rich Text
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Description

This indemnity agreement is a contract between the owner, borrower and contractor that protects one party of a transaction from the risks or liabilities created by the other party of the transaction.

The North Carolina Owner/Borrower/Contractor Affidavit and Indemnification Agreement is a legal document that is used to protect the interests of all parties involved in a construction project. This agreement is used to ensure that all parties involved in a construction project are aware of the liabilities they may incur and take responsibility for their actions. The agreement is typically signed by the owner/borrower and the contractor, and states that the contractor will indemnify the owner/borrower for any type of damages or losses resulting from the contractor’s performance. The agreement also outlines the contractor’s obligations and the owner/borrowerriftinghtin regard toto the construction project. The North Carolina Owner/Borrower/Contractor Affidavit and Indemnification Agreement is typically used in residential construction projects, such as building a home or a commercial building. There are two different types of North Carolina Owner/Borrower/Contractor Affidavit and Indemnification Agreement; the first is a standard agreement and the second is a custom agreement. The standard agreement is a generic form that is used in most cases, while the custom agreement is tailored to the specific needs of the owner/borrower and the contractor.

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It is somewhat confusing on how to fill out. This form seems more appropriate for a purchase rather than a refinance.Owner agrees to indemnify and hold purchaser, lender, and Company harmless of and from any and all loss, cost, damage and expense of every kind, and attorney's. An affidavit and indemnity agreement is a legal contract that is created when someone needs to use another person's documents for their own purposes. Owner's Affidavit and Indemnification Agreement. OWNER BORROWER CONTRACTOR AFFIDAVIT AND. Residential Owner's Affidavit . Construction Escrow Agreement. The date the owner first executed a contract with an original contractor for the improvement. 06(2) or an affidavit concerning unpaid lienors as provided in s.

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North Carolina Owner/Borrower/Contractor Affidavit and Indemnification Agreement