A Virginia Surface Use Agreement that contains provisions relative to indemnity is a legally binding contract between a surface owner and a company or individual seeking to undertake specific surface activities on the property. This agreement outlines the terms and conditions under which the surface owner grants access and permission for the use of their land for activities such as drilling, mining, construction, or other similar purposes. The primary objective of adding provisions related to indemnity in this agreement is to protect the surface owner against any damages, liability, or losses that may arise due to the activities carried out by the company or individual. These indemnity provisions help allocate risks and obligations between the parties involved and ensure that the surface owner is not held responsible for any accidents, environmental damage, or legal claims resulting from the activities. Different types of Virginia Surface Use Agreement (Contains Provisions Relative to Indemnity) can include: 1. Oil and Gas Surface Use Agreement: This type of agreement is commonly used when a company wishes to explore and extract oil and gas reserves on the surface owner's land. It will include specific provisions relating to indemnity for any potential damages caused during drilling, fracking, well operation, pipeline construction, or other related activities. 2. Mining Surface Use Agreement: When a company needs access to a property for mineral extraction purposes, such as coal, gold, or gravel mining, a mining surface use agreement with indemnity provisions becomes crucial. This agreement will address the liability issues associated with mining operations, ensuring that the property owner is not held accountable for accidents, property damage, or environmental impacts caused by the mining activities. 3. Construction Surface Use Agreement: In cases where a construction project requires the use of a surface owner's property, such as for building roads, pipelines, or utility infrastructure, a construction surface use agreement with indemnity provisions is drafted. This agreement will detail the responsibilities and liabilities of both parties, indemnifying the surface owner from any potential damages or accidents that may occur during the construction process. Regardless of the specific type of Virginia Surface Use Agreement, it is imperative that both the surface owner and the party seeking access thoroughly understand the indemnity provisions and negotiate fair terms. Seeking legal advice is highly recommended ensuring that the agreement adequately protects the surface owner's interests and rights while facilitating the activities of the accessing party.
Virginia Surface Use Agreement (Contains Provisions Relative to Indemnity)
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Service Provider shall indemnify, defend and hold Recipient, Recipient's Affiliates and their respective Representatives harmless from and against any and all Losses resulting from any Claims to the extent such Losses are caused by Service Provider's violation of Law, fraud, willful misconduct or gross negligence in ...
The Company shall indemnify and hold Employee harmless to the fullest extent permitted by the laws of the Company's state of incorporation in effect at the time against and in respect of any and all actions, suits, proceedings, claims, demands, judgments, costs, expenses (including advancement of reasonable attorney's ...
An indemnification clause is a legally binding agreement between two parties specifying that one party (the indemnifying party) will compensate the other party (the indemnified party) for any losses or damages that may arise from a particular event or circumstance.
How to Write an Indemnity Agreement Consider the Indemnity Laws in Your Area. ... Draft the Indemnification Clause. ... Outline the Indemnification Period and Scope of Coverage. ... State the Indemnification Exceptions. ... Specify How the Indemnitee Notifies the Indemnitor About Claims. ... Write the Settlement and Consent Clause.
Example 1: A service provider asking their customer to indemnify them to protect against misuse of their work product. Example 2: A rental car company, as the rightful owner of the car, having their customer indemnify them from any damage caused by the customer during the course of the retnal.
Sample Intermediate Indemnification ?Consultant agrees to hold harmless and indemnify Client from any and all liability, arising out of Consultant's negligence, whether it be sole or in concert with others, in connection with performance of the services described herein.?
An indemnification clause should clearly define the following elements: who are the indemnifying party and the indemnified party, what are the covered claims or losses, what are the obligations and duties of each party, and what are the exclusions or limitations of the indemnity.
For example, A promises to deliver certain goods to B for Rs. 2,000 every month. C comes in and promises to indemnify B's losses if A fails to so deliver the goods. This is how B and C will enter into contractual obligations of indemnity.