What is an example of indemnity?

A common example of indemnification happens with reagrd to insurance transactions. This often happens when an insurance company, as part of an individual's insurance policy, agrees to indemnify the insured person for losses that the insured person incurred as the result of accident or property damage.

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Indemnity Agreement for an Event

North Carolina Indemnity Agreement for an Event

Name: North Carolina Indemnity Agreement for an Event
Brand: US Legal Forms
Rating: 4.63 (335 reviews)

Category:

Contracts - Indemnification

State:

Multi-State

Control #:

US-00534

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Indemnitors covenant and agree to defend, indemnify and hold harmless, absolutely and unconditionally, the indemnitee from and against any and all damages, losses, claims, demands, actions, causes of actions, costs, expenses, liabilities and obligations of any kind whatsoever, including, but not limited to, attorney's fees in a certain matter. North Carolina Indemnity Agreement for an Event is a legal document that outlines the terms and conditions under which one party agrees to indemnify and hold harmless another party in the event of any liability, loss, or damage that may arise during the event. It is essential for organizers and participants to have a clear understanding of this agreement to ensure the smooth and safe execution of the event. There are different types of North Carolina Indemnity Agreements for an Event that cater to various scenarios and purposes. Some of these agreements include: 1. General Liability Indemnity Agreement: This agreement is signed between an event organizer and participants or attendees, ensuring that the organizer will not be held liable for any injuries, accidents, or damages that may occur during the event. 2. Vendor Indemnity Agreement: Organizers often require vendors, such as food stalls or equipment providers, to sign this agreement. It states that the vendors are responsible for any harm, damage, or loss caused by their products or services during the event, releasing the event organizer from liability. 3. Performer Indemnity Agreement: Signed between event organizers and performers, this agreement ensures that performers will be responsible for any injuries caused to themselves, other performers, or attendees during their performance. 4. Property Damage Indemnity Agreement: This type of agreement specifically addresses the potential damage to property during the event. It holds the responsible party liable for any cost or repair required for property damage caused by their actions or negligence. 5. Participant Release and Waiver Agreement: This agreement is often used in sports events or activities with higher risk factors. It releases the event organizer from any liability arising from injuries or accidents caused by participants' actions or participation in the event. When drafting a North Carolina Indemnity Agreement for an Event, it is important to use relevant keywords such as indemnification, liability, hold harmless, damages, injuries, negligence, property damage, waiver, and release. These keywords help ensure that all parties involved have a clear understanding of their responsibilities and limits of liability, thus mitigating potential disputes or legal issues during or after the event.

North Carolina Indemnity Agreement for an Event is a legal document that outlines the terms and conditions under which one party agrees to indemnify and hold harmless another party in the event of any liability, loss, or damage that may arise during the event. It is essential for organizers and participants to have a clear understanding of this agreement to ensure the smooth and safe execution of the event. There are different types of North Carolina Indemnity Agreements for an Event that cater to various scenarios and purposes. Some of these agreements include: 1. General Liability Indemnity Agreement: This agreement is signed between an event organizer and participants or attendees, ensuring that the organizer will not be held liable for any injuries, accidents, or damages that may occur during the event. 2. Vendor Indemnity Agreement: Organizers often require vendors, such as food stalls or equipment providers, to sign this agreement. It states that the vendors are responsible for any harm, damage, or loss caused by their products or services during the event, releasing the event organizer from liability. 3. Performer Indemnity Agreement: Signed between event organizers and performers, this agreement ensures that performers will be responsible for any injuries caused to themselves, other performers, or attendees during their performance. 4. Property Damage Indemnity Agreement: This type of agreement specifically addresses the potential damage to property during the event. It holds the responsible party liable for any cost or repair required for property damage caused by their actions or negligence. 5. Participant Release and Waiver Agreement: This agreement is often used in sports events or activities with higher risk factors. It releases the event organizer from any liability arising from injuries or accidents caused by participants' actions or participation in the event. When drafting a North Carolina Indemnity Agreement for an Event, it is important to use relevant keywords such as indemnification, liability, hold harmless, damages, injuries, negligence, property damage, waiver, and release. These keywords help ensure that all parties involved have a clear understanding of their responsibilities and limits of liability, thus mitigating potential disputes or legal issues during or after the event.

How to fill out North Carolina Indemnity Agreement For An Event?

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An Indemnity Agreement is a contract between two parties that protects one party from liabilities, losses, claims, and damages during their involvement in an activity.

Letters of indemnity should include the names and addresses of both parties involved, plus the name and affiliation of the third party. Detailed descriptions of the items and intentions are also required, as are the signatures of the parties and the date of the contract's execution.

An indemnity agreement is a contract that protect one party of a transaction from the risks or liabilities created by the other party of the transaction. Hold harmless agreement, no-fault agreement, release of liability, or waiver of liability are other terms for an indemnity agreement.200c

When the term indemnity is used in the legal sense, it may also refer to an exemption from liability for damages. Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damages caused by another party.

Tips for Enforcing Indemnification ProvisionsIdentify Time Periods for Asserting Indemnification Rights.Provide Notice in a Timely Fashion.Notify All Concerned Parties.Understand Limitations on Recovery.Exclusive Remedy.Scope of Damages.Claims Process/Dispute Resolution.

Indemnification provisions are generally enforceable. There are certain exceptions however. Indemnifications that require a party to indemnify another party for any claim irrespective of fault ('broad form' or 'no fault' indemnities) generally have been found to violate public policy.

Sellers should also limit the survival period for most indemnification claims to just a short time after closing, i.e., six months to two years (although certain "fundamental" claims or particularly risky claims typically survive for much longer periods).

What's an indemnity? An indemnity is a promise by one party to compensate another for the loss suffered as a consequence of a specific event, called the 'trigger event'.

A common example of indemnification happens with reagrd to insurance transactions. This often happens when an insurance company, as part of an individual's insurance policy, agrees to indemnify the insured person for losses that the insured person incurred as the result of accident or property damage.

Company/Business/Individual Name shall fully indemnify, hold harmless and defend and its directors, officers, employees, agents, stockholders and Affiliates from and against all claims, demands, actions, suits, damages, liabilities, losses, settlements, judgments, costs and expenses (including but not

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Specifically, under the North Carolina Tort Claims Act (N.C. Gen.hold harmless, save harmless, or indemnify, or a clause subjecting the University to ... NORTH CAROLINA 4-H YOUTH DEVELOPMENT PROGRAM. LIABILITY WAIVER, ASSUMPTION OF THE RISK, PHOTO & MEDIA RELEASE,. AND INDEMNIFICATION YOUTH AGREEMENT.6 pages NORTH CAROLINA 4-H YOUTH DEVELOPMENT PROGRAM. LIABILITY WAIVER, ASSUMPTION OF THE RISK, PHOTO & MEDIA RELEASE,. AND INDEMNIFICATION YOUTH AGREEMENT.How to Write ? If the release is being signed after the event took place, such as a car accident, the releasor may be paid money to sign such an agreement. There are two parties in an indemnity contract, including the indemnitee and indemnifier. The indemnitee is the party that is seeking protection, whereas the ... Ascertained at the time of the agreement, the agreement is not open-ended, and so long as the agency has budget authority to cover the potential liability, ...81 pages ascertained at the time of the agreement, the agreement is not open-ended, and so long as the agency has budget authority to cover the potential liability, ... Any waiver of governmental immunity for breach of contract must be limited to those waivers authorized under North Carolina law. A clause requiring any ...8 pages Any waiver of governmental immunity for breach of contract must be limited to those waivers authorized under North Carolina law. A clause requiring any ... An indemnity agreement is a contract that 'holds a business or company harmless' for any burden, loss, or damage. Only the subcontractors specified in the contract documents are to beagrees to indemnify and hold harmless the Division, the State of North Carolina,. A) In the event of default by the Vendor, the State may, as provided by NC law, procure goods and services necessary to complete performance hereunder from ...14 pages a) In the event of default by the Vendor, the State may, as provided by NC law, procure goods and services necessary to complete performance hereunder from ... THIS RELEASE AND WAIVER OF LIABILITY, PARENTAL CONSENT AND INDEMNITY. AGREEMENT (the ?Release?) is made and entered into as of the date set forth below, ...

Liability is also based on the theory of negligence. However, California law will also allow an individual to establish or defend themselves in a lawsuit if they can demonstrate a lack of actual physical control over any of the business activities they take part in. If, based on the evidence presented, you are able to prove that it was not actually within your control to cause a business to be closed, closed down or in some other way harmed you, you may be able to claim damage as an incidental result of the negligence of the business as a whole. Here are several important California legal information and forms to help you understand our legal process. If you feel you have been injured or harmed in some way by a business, you should contact the appropriate business in the state you reside. If you do not reside in the state or are unrepresented, you may choose to proceed in California through a representative.

North Carolina Indemnity Agreement for an Event

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