Deed Of Indemnity Pnb

• Category: Contracts - Indemnification
• State: Multi-State
• Control #: US-C-I-9001-1
• Format: Word; Rich Text

Description

This is a sample Deed of Indemnity. A deed of indemnity is a type of agreement between multiple parties that specifies the consequences of a specific event or events, usually based on protecting one or more of the parties from being held responsible. The form may be customized to suit your needs. A Deed of Indemnity is a legal document that is used to transfer the responsibility of a potential future loss or damages from one party to another. It is one of the most common methods of ensuring that a person or party is not held liable for losses that they may not have caused or had knowledge of. It is often used to protect a company, individual or organization from being held responsible for any unforeseen circumstances or liabilities. Types of Deed of Indemnity include: • Contractual Indemnity: This type of indemnity is an agreement between two parties to ensure that one party will not be held liable for any damages or losses suffered by the other. • Statutory Indemnity: This is a type of indemnity created when a statute or government law stipulates that one party will not be held liable for any losses or damages suffered by the other. • Common Law Indemnity: This type of indemnity arises from general principles of common law and is commonly found in contracts. It is an agreement between two parties that one party will not be held liable for any losses or damages suffered by the other. • Bilateral Indemnity: This is a type of indemnity that is created when two parties agree to indemnify each other for any losses or damages suffered by either party.

A Deed of Indemnity is a legal document that is used to transfer the responsibility of a potential future loss or damages from one party to another. It is one of the most common methods of ensuring that a person or party is not held liable for losses that they may not have caused or had knowledge of. It is often used to protect a company, individual or organization from being held responsible for any unforeseen circumstances or liabilities. Types of Deed of Indemnity include: • Contractual Indemnity: This type of indemnity is an agreement between two parties to ensure that one party will not be held liable for any damages or losses suffered by the other. • Statutory Indemnity: This is a type of indemnity created when a statute or government law stipulates that one party will not be held liable for any losses or damages suffered by the other. • Common Law Indemnity: This type of indemnity arises from general principles of common law and is commonly found in contracts. It is an agreement between two parties that one party will not be held liable for any losses or damages suffered by the other. • Bilateral Indemnity: This is a type of indemnity that is created when two parties agree to indemnify each other for any losses or damages suffered by either party.