Ohio Indemnification Agreement by Witch Corporation is a legal document that outlines the terms and conditions of indemnification provided by Witch Corporation, a company based in Ohio, United States. This agreement serves as a contractual agreement between Witch Corporation and another party, typically an individual or another business entity. The purpose of the Ohio Indemnification Agreement is to protect Witch Corporation from any claims, damages, liability, or losses arising from legal actions, third-party claims, or any other potential risks incurred in the course of its business operations. By signing this agreement, both parties agree to the provisions set forth within it. The Ohio Indemnification Agreement by Witch Corporation typically includes essential elements such as: 1. Parties involved: This section identifies the parties to the agreement, namely Witch Corporation and the party being indemnified (referred to as the "Indemnity"). 2. Scope of indemnification: This clause details the extent of indemnification that Witch Corporation provides to the Indemnity. It includes a comprehensive list of potential claims, damages, or liabilities covered under this agreement. 3. Limitations and exceptions: This section outlines any limitations or exceptions to the indemnification coverage provided by Witch Corporation. It may include specific scenarios where Witch Corporation will not be held liable or instances where the Indemnity must fulfill certain conditions to qualify for indemnification. 4. Notification and defense: This clause stipulates the process for the Indemnity to notify Witch Corporation of any potential claims or legal actions. It also determines how Witch Corporation will handle the defense and settlement of such claims. 5. Allocation of costs: This section outlines the allocation of costs associated with the defense and settlement of claims. It may specify whether Witch Corporation will cover attorney fees, court costs, or other related expenses. 6. Governing law and jurisdiction: This clause establishes the governing law (usually Ohio) under which the agreement will be interpreted. It also determines the jurisdiction (usually Ohio courts) in which any disputes relating to the agreement will be resolved. It is important to note that there may be different types of Ohio Indemnification Agreements by Witch Corporation tailored to specific contexts or industries. Examples of such agreements may include: 1. Ohio Indemnification Agreement for Contractors: This type of agreement would be specific to contractors and outline the indemnification terms and conditions in the construction or contracting industry. 2. Ohio Indemnification Agreement for Suppliers: This agreement would focus on indemnification provisions related to suppliers or vendors providing goods or services to Witch Corporation. 3. Ohio Indemnification Agreement for Employees: This type of agreement would address indemnification terms and conditions specific to employees, covering potential risks and liabilities arising in the course of their employment with Witch Corporation. In summary, the Ohio Indemnification Agreement by Witch Corporation is a legally binding document that offers protection to both Witch Corporation and the Indemnity. It ensures that Witch Corporation will assume responsibility for certain claims, damages, or liabilities that may arise during its business operations in Ohio, subject to the terms and conditions outlined within the agreement.
Ohio Indemnification Agreement by Witco Corporation
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Section 1701.01 | General corporation law definitions. As used in sections 1701.01 to 1701.98 of the Revised Code, unless the context otherwise requires: (A) "Corporation" or "domestic corporation" means a corporation for profit formed under the laws of this state.
Section 3767.13 | Prohibited acts. (B) No person shall cause or allow offal, filth, or noisome substances to be collected or remain in any place to the damage or prejudice of others or of the public.
Subject to limitations prescribed in the articles or the regulations upon the right of members of a corporation to examine the books and records, all books and records of a corporation, including the membership records prescribed by section 1702.13 of the Revised Code, may be examined by any member or director or the ...
A director and officer indemnification agreement is a contract that allows executives to protect themselves from claims made against them while performing job.
Whoever knowingly and willfully obstructs or retards the passage of the mail, or any carrier or conveyance carrying the mail, shall be fined under this title or imprisoned not more than six months, or both. (June 25, 1948, ch. 645, 62 Stat.
SeeC. §153.81(A)(1)(b). Indemnification is limited to claims, damages, or loss, including reasonable attorney fees, costs, and expenses. Ohio follows the American Rule, which states that parties to litigation are to pay for their own attorneys' fees unless there is a specific exception to the rule that applies.
The termination of any action, suit, or proceeding by judgment, order, settlement, or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner the person reasonably believed to be in or not opposed to the best ...