This form brings together several boilerplate contract clauses that work together to outline the procedures, restrictions, exclusivity and other aspects of an indemnity provided for under the terms of the contract agreement.
New Hampshire Indemnification — Long-Form Provision is a legal clause included in contracts to protect parties from potential losses, damages, or liabilities arising from the actions or omissions of another party involved in the agreement. It outlines the terms and conditions under which one party agrees to indemnify and hold harmless the other party. In New Hampshire, this provision is governed by state laws and regulations, which may vary or be specific to certain industries or types of agreements. The purpose of including a long-form provision is to provide comprehensive coverage and address various potential scenarios and risks. There are different types of New Hampshire Indemnification — Long-Form Provisions based on the specific requirements and circumstances of the contract. Some common types include: 1. General Indemnification: This type of provision broadly covers any loss, damage, or liability incurred by a party as a result of the actions, negligence, or breach of contract by the other party. 2. Third-Party Indemnification: This variant focuses on protecting one party from claims or lawsuits brought by third parties. It requires the indemnifying party to take responsibility and defend the indemnified party against any legal actions arising from the contract. 3. Partial Indemnification: In certain cases, parties may agree to allocate the responsibility for losses or damages based on a specific percentage or predetermined amount. This partial indemnification provision specifies the extent of coverage and the sharing of liabilities between the parties. 4. Mutual Indemnification: This provision is applicable when both parties involved in the contract agree to indemnify and hold each other harmless from any losses, damages, or liabilities resulting from their respective actions or breach of obligations. 5. Limitation of Liability: Though not strictly an indemnification provision, it is sometimes included in long-form provisions in New Hampshire. It places a cap on the amount of damages or losses one party can be held responsible for, even in cases of severe negligence or breach of contract, protecting both parties from excessive liability. It is crucial for parties entering into contracts in New Hampshire to carefully consider the wording and scope of their indemnification provisions. Consulting with legal professionals is highly recommended ensuring the clause accurately reflects their intentions and adequately protects their interests.
