This form provides boilerplate contract clauses that outline the duration of any indemnity under the contract agreement, particularly for tax or environmental claims.
New Hampshire Indemnity Provisions — Duration of the Indemnity refers to a legal clause commonly found in contracts and agreements in the state of New Hampshire. This provision outlines the timeframe during which the indemnification obligations of a party are in effect, aiming to allocate liability and protect the parties involved. There are various types of New Hampshire Indemnity Provisions — Duration of the Indemnity, including: 1. Fixed-term Indemnity: This type of provision specifies a predetermined duration for the indemnity obligations. It clearly states the start and end dates during which the indemnifying party is responsible for any damages, losses, or claims. 2. Continuing Indemnity: Unlike fixed-term indemnity, this provision extends the duration indefinitely, ensuring that the indemnifying party remains liable for any covered claims or losses that arise even after the contract's termination. The exact circumstances under which the obligations continue are typically outlined in the agreement. 3. Limited-duration Indemnity: This provision restricts the timeframe during which the indemnity obligations apply. It may define a specific number of years, months, or days during which the indemnifying party is accountable for any potential liabilities arising from the contract. 4. Event-based Indemnity: In this scenario, the duration of the indemnity provision is dependent on the occurrence of certain events or triggers. These triggers could be specified incidents, breaches of contract, or other predefined circumstances. The indemnity obligations typically commence upon the triggering event and may have a defined duration thereafter. It is important to carefully consider and negotiate the terms of the New Hampshire Indemnity Provisions — Duration of the Indemnity, as they can significantly impact the liability exposure and risk allocation among the parties involved. Legal advice from a qualified attorney is recommended to ensure these provisions align with the specific needs and goals of the contracting parties.
