South Carolina Royalty Owner's indemnity Agreement on Interest with Title Dispute

State:
Multi-State
Control #:
US-OG-071
Format:
Word; 
Rich Text
Instant download

Description

This form provides for payment to an Owner that claims an interest that is the subject of a dispute or on which there is a title problem.

How to fill out Royalty Owner's Indemnity Agreement On Interest With Title Dispute?

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FAQ

Certification of trust. (7) the manner of taking title to trust property. (b) A certification of trust may be signed or otherwise authenticated by any trustee.

(a) A trustee shall keep the qualified beneficiaries of the trust reasonably informed about the administration of the trust and of the material facts necessary for them to protect their interests.

Equitable indemnity principles govern the allocation of loss or damages among multiple tortfeasors whose liability for the underlying injury is joint and several. Equitable indemnity is designed to apportion liability among joint tortfeasors in direct proportion to their respective fault.

To state a cause of action for equitable indemnity, a defendant need only allege that the harm for which it is being sued is attributable, at least in part, to the cross defendant.

South Carolina's statute (S.C. Code § 32-2-10) invalidates only indemnification clauses that purport to require the Indemnitor to indemnify the Indemnitee for injuries or losses that result from the Indemnitee's sole negligence.

SECTION 62-7-410. Modification or termination of trust; proceedings for approval or disapproval.

The law of equitable indemnification allows recovery of expenses when the act of the wrongdoer involves the innocent defendant in litigation or places him in such relation with others as makes it necessary to incur expenses to protect his interest. See Addy v. Bolton, 257 S.C.

An equitable contribution claim between co-insurers requires that the policies insure a common obligation to the same insured, the same property, and the same interests in the property. They must cover the same risk and owe insurance payments to the same insured.

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South Carolina Royalty Owner's indemnity Agreement on Interest with Title Dispute