The North Carolina Form of Indemnification Agreement by Kyle Technology Corp. is a legal document that outlines the terms and conditions under which the company agrees to indemnify and hold harmless individuals or entities against claims, damages, losses, or liabilities arising out of their involvement with the company. Keywords: North Carolina, Form of Indemnification Agreement, Kyle Technology Corp., legal document, terms, conditions, indemnify, hold harmless, claims, damages, losses, liabilities, involvement. There may be different types or variations of the North Carolina Form of Indemnification Agreement by Kyle Technology Corp., depending on the specific scenarios or entities involved. Some possible variations include: 1. North Carolina Form of Indemnification Agreement for Employees: This version specifically addresses the indemnification and protection of employees of Kyle Technology Corp., ensuring that the company covers any claims or lawsuits brought against its employees in connection with their work. 2. North Carolina Form of Indemnification Agreement for Contractors: This agreement is tailored for contractors or subcontractors engaged with Kyle Technology Corp., providing indemnification against claims arising from their work on behalf of the company. 3. North Carolina Form of Indemnification Agreement for Suppliers or Vendors: This version focuses on indemnifying suppliers or vendors who provide goods or services to Kyle Technology Corp. against any potential liability resulting from their products or services supplied to the company. 4. North Carolina Form of Indemnification Agreement for Directors and Officers: This agreement aims to safeguard the directors and officers of Kyle Technology Corp., ensuring they are protected from legal actions or claims arising from their roles within the company. 5. North Carolina Form of Indemnification Agreement for Shareholders: This version outlines how Kyle Technology Corp. will indemnify its shareholders against any claims or losses incurred in connection with their ownership of company shares. It is important to note that the specific language, provisions, and conditions within the North Carolina Form of Indemnification Agreement may vary depending on the particular circumstances and the preferences of Kyle Technology Corp. It is recommended to seek legal counsel to ensure compliance with all applicable laws and regulations.
North Carolina Form of Indemnification Agreement by Kyle Technology Corp.
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How to fill out North Carolina Form Of Indemnification Agreement By Kyle Technology Corp.?
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North Carolina's anti-indemnity statute declares that any provision in a construction or design professional contract that requires a party (promisor) to indemnify another (promisee) for the promisee's or its derivative parties' own negligence, whether in whole or in part, is against public policy, void, and ...
An indemnity agreement is a contract that protects one party of a transaction from the risks or liabilities created by the other party of the transaction.
In the indemnity clause, one party commits to compensate another party for any prospective loss or damage. More common is in insurance contracts, in exchange for premiums paid by the insured to the insurer, the insurer offers to compensate the insured for any potential damages or losses.
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.
On this page you'll find 61 synonyms, antonyms, and words related to indemnification, such as: compensation, indemnity, restitution, benefit, counterclaim, and coverage.
North Carolina's anti-indemnity statute declares that any provision in a construction or design professional contract that requires a party (promisor) to indemnify another (promisee) for the promisee's or its derivative parties' own negligence, whether in whole or in part, is against public policy, void, and ...
Indemnity is implicated when a person discharges another's duty: A person who, in whole or in part, has discharged a duty which is owed by him but which as between himself and another should have been discharged by the other, is entitled to indemnity from the other, unless the payor is barred by the wrongful nature of ...
In legal terms, an Act of Indemnity is a statute passed to protect people who have committed some illegal act which would otherwise cause them to be subjected to legal penalties.