Texas Amendment to Refinery Purchase and Sale Agreement and Indemnity Agreement

• Category: Texas Contracts - Indemnification
• State: Texas
• Control #: TX-C-I-9000-1
• Format: Word; Rich Text

Description

This is a sample Amendment to Refinery Purchase and Sale Agreement with an Indemnity Agreement. A purchase and sale agreement, or PSA, is a document that is written up and signed after a buyer and seller mutually agree on the price and terms of a transaction. Included with this Agreement is an Indemnification Agreement. The Indemnification provisions are contractual tools that allow buyers and sellers to agree in advance as to who will bear the liability associated with certain specified risks (such as pre-closing liabilities, breaches of contract, tax issues, etc.) Indemnification clauses in purchase and sale agreements are intended to address the obligation of one party to indemnify and hold the other party harmless from direct and third party claims. However, indemnification clauses also allocate the risk of losses between the parties. The form may be customized to suit your needs. Texas Amendment to Refinery Purchase and Sale Agreement and Indemnity Agreement is a contract that is used by buyers and sellers who are involved in a refinery purchase and sale transaction in the state of Texas. This contract outlines the terms and conditions of the sale, including the purchase price, payment terms, closing date, and other relevant details. It also includes an indemnity agreement, which is a promise by the buyer to hold the seller harmless from any damages or losses that may arise due to the purchase and sale transaction. There are two main types of Texas Amendment to Refinery Purchase and Sale Agreement and Indemnity Agreement: a Unilateral Agreement, which is an agreement that is signed by one party only, and a Mutual Agreement, which is an agreement that is signed by both parties.

Texas Amendment to Refinery Purchase and Sale Agreement and Indemnity Agreement is a contract that is used by buyers and sellers who are involved in a refinery purchase and sale transaction in the state of Texas. This contract outlines the terms and conditions of the sale, including the purchase price, payment terms, closing date, and other relevant details. It also includes an indemnity agreement, which is a promise by the buyer to hold the seller harmless from any damages or losses that may arise due to the purchase and sale transaction. There are two main types of Texas Amendment to Refinery Purchase and Sale Agreement and Indemnity Agreement: a Unilateral Agreement, which is an agreement that is signed by one party only, and a Mutual Agreement, which is an agreement that is signed by both parties.