Missouri Indemnity (Trust) Agreement

State:
Missouri
Control #:
MO-SKU-2284
Format:
Word
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Description

Indemnity (Trust) Agreement A Missouri Indemnity (Trust) Agreement is a legal document that creates a trust in the State of Missouri for the purpose of providing indemnification to parties for losses arising out of certain activities. Generally, the parties entering into the agreement are the indemnifying party (the party providing the indemnity) and the indemnified party (the party receiving the indemnity). The agreement provides for the establishment of a trust fund which will be used to pay for losses or damages incurred by the indemnified party. The agreement sets out the terms under which the trust will be operated and administered. These terms may include the types of losses or damages the trust will cover, the amount of money to be placed in the trust, and how the trust will be managed. The two main types of Missouri Indemnity (Trust) Agreements are the Statutory Indemnity Trust Agreement and the Non-Statutory Indemnity Trust Agreement. The Statutory Indemnity Trust Agreement is established by Missouri state law and is typically used when there is an indemnified party who is not a party to the contract creating the trust. The Non-Statutory Indemnity Trust Agreement is a contractual agreement between two or more parties, and the terms of the trust are established by the parties entering into the agreement.

A Missouri Indemnity (Trust) Agreement is a legal document that creates a trust in the State of Missouri for the purpose of providing indemnification to parties for losses arising out of certain activities. Generally, the parties entering into the agreement are the indemnifying party (the party providing the indemnity) and the indemnified party (the party receiving the indemnity). The agreement provides for the establishment of a trust fund which will be used to pay for losses or damages incurred by the indemnified party. The agreement sets out the terms under which the trust will be operated and administered. These terms may include the types of losses or damages the trust will cover, the amount of money to be placed in the trust, and how the trust will be managed. The two main types of Missouri Indemnity (Trust) Agreements are the Statutory Indemnity Trust Agreement and the Non-Statutory Indemnity Trust Agreement. The Statutory Indemnity Trust Agreement is established by Missouri state law and is typically used when there is an indemnified party who is not a party to the contract creating the trust. The Non-Statutory Indemnity Trust Agreement is a contractual agreement between two or more parties, and the terms of the trust are established by the parties entering into the agreement.

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Indemnity Agreement Sample