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Indemnification Agreement for Personal Property

Indemnification Personal

Name: Indemnification Agreement for Personal Property
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.77 (375 reviews)

Category:

Contracts - Indemnification

State:

Multi-State

Control #:

US-60899

Format:

Instant download

Description Agreement Personal Property

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.

View A13 Certification of Testimony

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View A14 Order of Custody

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View A15 Memorandum of Agreement

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View A16 Court Docket Entries

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View A18 Cover Sheet Regarding Court Order

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FAQ

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.

"Indemnify" and "hold harmless" both mean pretty much the same thing: to make the injured party whole again.In California, you have the option to choose if you are the indemnifying party to choose to defend yourself.

Just as a limit of liability would not restrict an obligation to develop software or any other obligation to perform it does not restrict obligations to perform an indemnity. The indemnitor must spend whatever is necessary to defend the indemnified claim, to settle the case, and/or to cover judgments.

Generally (but not always), California courts agree to provide indemnity for own negligence if the parties use sufficiently specific and explicit language that is strictly construed against the indemnitee.

Transitive verb. 1 : to secure against hurt, loss, or damage. 2 : to make compensation to for incurred hurt, loss, or damage. Other Words from indemnify Synonyms Choose the Right Synonym Example Sentences Learn More about indemnify.

With a real estate indemnity agreement, one party is pledging to protect another from any kind of financial loss or from a lawsuit of some kind.With a real estate indemnity agreement, one party, usually the buyer, agrees to take full responsibility for a mistake or a problem caused by the other.

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.

It's still your business decision whether you sign them or not, but you should do so only where it is a critical contract that you have no way of modifying or negotiating changes. In contrast, the best kind of Indemnity Agreement is commonly called a Mutual Indemnity Agreement or a Mutual Hold Harmless Provision.

Indemnification Personal

Description Agreement Personal Property

Agreement Personal Property Purchase Related forms

How to fill out Indemnification Agreement For Personal Property?

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Agreement Personal Property Template Form Rating

Indemnification Agreement Personal Form popularity

Indemnification Agreement Property Other Form Names

FAQ

Are indemnification clauses enforceable?

Can you indemnify yourself?

Does a limitation of liability apply to an indemnity?

Can you indemnify someone for their own negligence?

What does it mean to indemnify someone?

What is an indemnity agreement in real estate?

What is the purpose of an indemnity agreement?

Should I sign an indemnity agreement?

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