This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Rhode Island Deed of Trust Securing Obligations Pursuant to Indemnification Agreement
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Multi-State
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US-01776BG
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How to fill out Deed Of Trust Securing Obligations Pursuant To Indemnification Agreement?
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FAQ
What Is an Indemnification Clause? 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.
In most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other party's actions or failure to act. The intent is to shift liability away from one party, and on to the indemnifying party.
The common law Public Trust Doctrine protects sovereign lands, such as tide and submerged lands and the beds of navigable waterways, for the benefit, use and enjoyment of the public. These lands are held in trust by the State of California for the statewide public and for uses that further the purposes of the trust.
Rhode Island's adverse possession law is very simple, allowing someone to claim legal title to an otherwise neglected piece of property after openly inhabiting it for at least 10 years.
The Public Trust Doctrine gives the state the authority to manage sovereign tidelands and imposes a duty to protect the public's interests in those tidelands.
Public trust doctrine is rooted in English common law, the colony's 1663 charter, and the Rhode Island Constitution. This doctrine considers that some resources are so important that we entrust them to the government to maintain for the people.