A North Carolina Surface Use Agreement, also known as a Surface Use Agreement Containing Provisions Relative to Indemnity, is a contractual agreement between the surface or landowner and the party seeking to access or use the surface for various purposes, such as drilling for oil and gas, mining, or construction activities. This agreement outlines the rights, responsibilities, and obligations of both parties regarding the use of the land and provides provisions for indemnity which serves as a protective measure for the surface owner. In North Carolina, there are different types of Surface Use Agreements that contain provisions relative to indemnity, catering to various industries and activities. Some common types include: 1. Oil and Gas Surface Use Agreement: This type of agreement is specific to oil and gas exploration and production. It includes provisions regarding the compensation for surface damages, restoration obligations, environmental impacts, and indemnification clauses to shield the surface owner from liability arising from the operations. 2. Mining Surface Use Agreement: This agreement is designed for mining operations, such as coal, minerals, or precious metals' extraction. It outlines the rights of the mining company, the compensation for land use, the reclamation of the land, and indemnity provisions to protect the surface owner against mining-related risks. 3. Construction Surface Use Agreement: This type of agreement is relevant for construction activities on private land, such as building infrastructure, pipelines, or power lines. It includes provisions regarding the duration of the construction, the restoration of the land, compensation for damages, adherence to safety standards, and indemnification provisions in case of accidents or damages caused by the construction activities. Regardless of the specific type, a North Carolina Surface Use Agreement typically includes provisions regarding access to the land, landowner compensation, restoration and reclamation, environmental protection, indemnification of the surface owner, insurance requirements, inspection and monitoring rights, dispute resolution methods, and termination clauses. These contracts aim to establish a mutually beneficial relationship between the surface owner and the party accessing or using the land, while ensuring that the rights and interests of the surface owner are adequately protected through indemnity provisions.
North Carolina Surface Use Agreement (Contains Provisions Relative to Indemnity)
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Service Provider shall indemnify, defend and hold Recipient, Recipient's Affiliates and their respective Representatives harmless from and against any and all Losses resulting from any Claims to the extent such Losses are caused by Service Provider's violation of Law, fraud, willful misconduct or gross negligence in ...
Hear this out loud PauseSample Intermediate Indemnification ?Consultant agrees to hold harmless and indemnify Client from any and all liability, arising out of Consultant's negligence, whether it be sole or in concert with others, in connection with performance of the services described herein.?
For example, A promises to deliver certain goods to B for Rs. 2,000 every month. C comes in and promises to indemnify B's losses if A fails to so deliver the goods. This is how B and C will enter into contractual obligations of indemnity.
Hear this out loud PauseIndemnification. If the deliverable causes the client to have a loss, or a project causes the vendor to have a loss, the MSA's indemnification clause outlines what compensation, if any, is owed.
The Company shall indemnify and hold Employee harmless to the fullest extent permitted by the laws of the Company's state of incorporation in effect at the time against and in respect of any and all actions, suits, proceedings, claims, demands, judgments, costs, expenses (including advancement of reasonable attorney's ...
An indemnification clause is a legally binding agreement between two parties specifying that one party (the indemnifying party) will compensate the other party (the indemnified party) for any losses or damages that may arise from a particular event or circumstance.
Hear this out loud PauseIndemnity Clause Defined Indemnity clauses, also known as indemnification clauses, require one party to reimburse the other for recoverable damages from third-party claims. The indemnifying party is demanding payment. The indemnified party is required to pay.
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.