Oregon Indemnification Agreement for Personal Property

State:
Multi-State
Control #:
US-60899
Format:
Word; 
Rich Text
Instant download

Description

Shareholders of a certain company and a particular purchaser executed an Asset Purchase Agreement. The shareholders agree to defend, and hold the purchaser harmless against any and all damages, loss, liability, or deficiency sustained or incurred by purchaser which arises out of or results from any liability or obligation which may become due.

The Oregon Indemnification Agreement for Personal Property is a legally binding document designed to protect the rights and interests of parties involved in the transfer or use of personal property. This agreement provides a comprehensive framework for outlining the responsibilities and liabilities of each party, ensuring that any losses, damages, or disputes related to the personal property are handled appropriately. Key elements of an Oregon Indemnification Agreement for Personal Property include: 1. Identification of the Parties: This agreement clearly identifies the individuals or entities involved in the transaction and their roles. The parties typically include the owner of the personal property and the user or borrower of the property. 2. Description of Personal Property: A detailed description of the personal property being transferred or used is provided, including any unique characteristics, serial numbers, or other identifying information. This ensures clarity and avoids any confusion regarding the property in question. 3. Conditions of Use: The agreement may outline specific conditions under which the personal property can be used, such as limitations, restrictions, or required maintenance. This section helps safeguard the property and prevent any misuse or negligence. 4. Indemnification Clause: The indemnification clause is a crucial component of this agreement, offering protection to the owner of the personal property. It stipulates that the user or borrower assumes full responsibility for any damages, losses, or liabilities that may occur during the use or possession of the property. This clause ensures that the owner is not held financially accountable for any unforeseen circumstances or accidents. 5. Insurance Requirements: Depending on the nature of the personal property, the agreement may require the user or borrower to maintain appropriate insurance coverage. This provision ensures that the property is adequately protected in case of theft, damage, or other incidents. It may specify the types and amounts of insurance coverage necessary, as well as proof of insurance required. 6. Termination and Dispute Resolution: The agreement may include provisions regarding termination, expiration, or renewal of the agreement. It may also outline the steps for resolving disputes, such as negotiation, mediation, or arbitration, to ensure a fair resolution for all parties involved. While there isn't a specific categorization of different types of Oregon Indemnification Agreements for Personal Property, variations of this agreement may exist based on the specific nature of the personal property involved, such as vehicles, equipment, or artwork. These agreements would contain additional provisions tailored to address the unique risks associated with each type of personal property. In summary, the Oregon Indemnification Agreement for Personal Property serves as a crucial legal document that establishes the rights, obligations, and protections of parties involved in the transfer or use of personal property. By clearly defining the expectations and responsibilities, this agreement helps minimize risks, protect the interests of all parties, and ensure a smooth transaction or usage experience.

Related forms

form-preview
Kentucky Signature Authorization - Unanimous Written Consent Regarding Resolution Authorizing Bank to Honor Instruments Bearing Facsimile Signatures

Kentucky Signature Authorization - Unanimous Written Consent Regarding Resolution Authorizing Bank to Honor Instruments Bearing Facsimile Signatures

View this form
form-preview
Louisiana Signature Authorization - Unanimous Written Consent Regarding Resolution Authorizing Bank to Honor Instruments Bearing Facsimile Signatures

Louisiana Signature Authorization - Unanimous Written Consent Regarding Resolution Authorizing Bank to Honor Instruments Bearing Facsimile Signatures

View this form
form-preview
Maine Signature Authorization - Unanimous Written Consent Regarding Resolution Authorizing Bank to Honor Instruments Bearing Facsimile Signatures

Maine Signature Authorization - Unanimous Written Consent Regarding Resolution Authorizing Bank to Honor Instruments Bearing Facsimile Signatures

View this form
form-preview
Maryland Signature Authorization - Unanimous Written Consent Regarding Resolution Authorizing Bank to Honor Instruments Bearing Facsimile Signatures

Maryland Signature Authorization - Unanimous Written Consent Regarding Resolution Authorizing Bank to Honor Instruments Bearing Facsimile Signatures

View this form
form-preview
Massachusetts Signature Authorization - Unanimous Written Consent Regarding Resolution Authorizing Bank to Honor Instruments Bearing Facsimile Signatures

Massachusetts Signature Authorization - Unanimous Written Consent Regarding Resolution Authorizing Bank to Honor Instruments Bearing Facsimile Signatures

View this form

How to fill out Oregon Indemnification Agreement For Personal Property?

If you want to complete, download, or printing legal record templates, use US Legal Forms, the largest assortment of legal types, that can be found online. Utilize the site`s basic and hassle-free search to discover the papers you need. Different templates for organization and person functions are sorted by categories and states, or keywords and phrases. Use US Legal Forms to discover the Oregon Indemnification Agreement for Personal Property within a handful of clicks.

In case you are presently a US Legal Forms buyer, log in for your bank account and then click the Down load button to obtain the Oregon Indemnification Agreement for Personal Property. Also you can entry types you earlier acquired inside the My Forms tab of your own bank account.

If you work with US Legal Forms the very first time, follow the instructions listed below:

  • Step 1. Be sure you have selected the form for your correct town/nation.
  • Step 2. Utilize the Review method to look over the form`s information. Don`t forget to learn the explanation.
  • Step 3. In case you are not satisfied with all the develop, use the Search field at the top of the screen to discover other models in the legal develop template.
  • Step 4. When you have identified the form you need, go through the Purchase now button. Pick the pricing strategy you prefer and put your accreditations to sign up to have an bank account.
  • Step 5. Approach the transaction. You should use your Мisa or Ьastercard or PayPal bank account to finish the transaction.
  • Step 6. Find the structure in the legal develop and download it in your gadget.
  • Step 7. Comprehensive, edit and printing or indicator the Oregon Indemnification Agreement for Personal Property.

Every legal record template you get is yours forever. You possess acces to every develop you acquired with your acccount. Click on the My Forms area and select a develop to printing or download yet again.

Compete and download, and printing the Oregon Indemnification Agreement for Personal Property with US Legal Forms. There are many specialist and express-particular types you can use to your organization or person needs.

Form popularity

FAQ

To indemnify something basically means to make good a loss. In other words, it means that one party will compensate the other in case it suffers some losses. For example, A promises to deliver certain goods to B for Rs. 2,000 every month.

What is an Indemnity Agreement? An indemnity agreement, also known as a hold harmless agreement, waiver of liability, release of liability, or no-fault agreement, safeguards the indemnified party against loss or damages associated with a third-party business arrangement.

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.

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

A hold harmless agreement (or harmless agreement) is a legally binding agreement stating that one party will not hold the other party responsible (or liable) for the risk of physical or property damage.

Example of Indemnity in Business If the building sustains significant structural damages from fire, then the insurance company will indemnify the owner for the costs to repair by way of reimbursing the owner or by reconstructing the damaged areas using its own authorized contractors.

A hold harmless agreement is a clause typically included in construction contracts to release one party from consequences or liabilities due to the act of the other.

A personal indemnity agreement is an agreement between you and the bond company that states that you will compensate the surety company for any losses.

Under Oregon law, such provisions are unenforceable. ORS 30.140(1) provides that any provision in a construction contract that requires a person or that person's insurer to indemnify another person against liability for damage caused in whole or in part by the other person's own negligence is void.

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.

More info

An indemnity agreement is a contract that 'holds a business or company harmless' for any burden, loss, or damage. Approach to managing and cleaning up personal property and trash left byb Contractor shall indemnify, defend and hold harmless ODOT and the State of.Covenant not to sue the State of Oregon, the Board of Trustees of thein personal injury, accidents or illnesses (including death), property loss, ...4 pages covenant not to sue the State of Oregon, the Board of Trustees of thein personal injury, accidents or illnesses (including death), property loss, ... The person or party providing protection. Again, this should include the name of the person signing an agreement to hold the other party ... Indemnification provisions and agreements are commonplace in contractsof the provision, but they often include bodily injury, property ... Oregon. The party seeking indemnity must prove that: a. it has discharged a legal obligation owed(b) Any personal property lease or rental agreement. Goods and services agreeing to indemnity clauses in contracts if they want to getOregon, and possibly Ohio) which limit indemnification agreements in ...9 pages goods and services agreeing to indemnity clauses in contracts if they want to getOregon, and possibly Ohio) which limit indemnification agreements in ... INDEMNITY AGREEMENT. COLUMBIA COUNTY FIREARMS RANGE COMPLEX. This License and Indemnity Agreement (?Agreement?) is made and entered into as of the.6 pages INDEMNITY AGREEMENT. COLUMBIA COUNTY FIREARMS RANGE COMPLEX. This License and Indemnity Agreement (?Agreement?) is made and entered into as of the. Agent shall lack authority to bind Company to any agreement or contract until Agent obtains written consent from. Name of Individual of the Company. 4.

Trusted and secure by over 3 million people of the world’s leading companies

Oregon Indemnification Agreement for Personal Property