An Oregon Indemnity Agreement by the Parent Company for Subsidiaries is a legal document that protects a parent company from any liabilities incurred by its subsidiaries. It provides a written assurance that the parent company will not be responsible for any of the liabilities of its subsidiaries, which can include breaches of contract, property damage, or personal injury. The primary types of Oregon Indemnity Agreement by the Parent Company for Subsidiaries are: 1. Limited Indemnity Agreement: This type of agreement provides a limited amount of protection for the parent company from the liabilities of its subsidiaries. It states the exact amount of liability the parent company is willing to accept in the event of any claims against its subsidiaries. 2. Broad Indemnity Agreement: This type of agreement provides broad protection for the parent company from the liabilities of its subsidiaries. It states that the parent company will not be liable for any claims against its subsidiaries, regardless of the amount or type of liability involved. 3. Mutual Indemnity Agreement: This type of agreement provides mutual protection for both the parent company and its subsidiaries. It states that both parties will not be liable for any claims made against either of them.
Oregon Indemnity Agreement by the Parent Company for Subsidiaries
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