North Carolina Indemnification Clauses: Contract for Real Property
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Description
A clause dictates the conditions under which the contract is legally enforceable and determines the terms of the contract. Contracts often contain boilerplate clauses or standard clauses found across most contracts. These standard clauses do not require a lot of negotiation. Included is a Sample Indemnification Clauses for a Contract for Real Property. It's similar to a guaranty, but instead of guaranteeing a specific obligation such as a loan, an indemnity is a broader agreement to pay for damages incurred by the indemnitee if certain circumstances occur.
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