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North Carolina Owner/Borrower/Contractor Affidavit and Indemnification Agreement

Category:
State:
North Carolina
Control #:
NC-S013ST
Format:
Word; 
Rich Text
Instant download

Description

This indemnity agreement is a contract between the owner, borrower and contractor that protects one party of a transaction from the risks or liabilities created by the other party of the transaction.

The North Carolina Owner/Borrower/Contractor Affidavit and Indemnification Agreement is a legal document that is used to protect the interests of all parties involved in a construction project. This agreement is used to ensure that all parties involved in a construction project are aware of the liabilities they may incur and take responsibility for their actions. The agreement is typically signed by the owner/borrower and the contractor, and states that the contractor will indemnify the owner/borrower for any type of damages or losses resulting from the contractor’s performance. The agreement also outlines the contractor’s obligations and the owner/borrowerriftinghtin regard toto the construction project. The North Carolina Owner/Borrower/Contractor Affidavit and Indemnification Agreement is typically used in residential construction projects, such as building a home or a commercial building. There are two different types of North Carolina Owner/Borrower/Contractor Affidavit and Indemnification Agreement; the first is a standard agreement and the second is a custom agreement. The standard agreement is a generic form that is used in most cases, while the custom agreement is tailored to the specific needs of the owner/borrower and the contractor.

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North Carolina Owner/Borrower/Contractor Affidavit and Indemnification Agreement