What is an example of indemnity?

A common example of indemnification happens with reagrd to insurance transactions. This often happens when an insurance company, as part of an individual's insurance policy, agrees to indemnify the insured person for losses that the insured person incurred as the result of accident or property damage.

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Indemnity Agreement for an Event

Riverside California Indemnity Agreement for an Event

Name: Riverside California Indemnity Agreement for an Event
Brand: US Legal Forms
Rating: 4.63 (335 reviews)

Category:

Contracts - Indemnification

State:

Multi-State

County:

Riverside

Control #:

US-00534

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Instant download

Description

Indemnitors covenant and agree to defend, indemnify and hold harmless, absolutely and unconditionally, the indemnitee from and against any and all damages, losses, claims, demands, actions, causes of actions, costs, expenses, liabilities and obligations of any kind whatsoever, including, but not limited to, attorney's fees in a certain matter.

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FAQ

Indemnity is a comprehensive form of insurance compensation for damages or loss. In this type of arrangement, one party agrees to pay for potential losses or damages caused by another party.

More Definitions of Indemnity Event Indemnity Event means (x) the specific item, event, circumstance, failure to act or other situation that gave rise to the claim for indemnity, and (y) the receipt or accrual of the indemnity payment.

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

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.

Letters of indemnity should include the names and addresses of both parties involved, plus the name and affiliation of the third party. Detailed descriptions of the items and intentions are also required, as are the signatures of the parties and the date of the contract's execution.

A common example of indemnification happens with reagrd to insurance transactions. This often happens when an insurance company, as part of an individual's insurance policy, agrees to indemnify the insured person for losses that the insured person incurred as the result of accident or property damage.

Key Takeaways. Indemnity is a comprehensive form of insurance compensation for damages or loss. In this type of arrangement, one party agrees to pay for potential losses or damages caused by another party.

An indemnity agreement is a contract that protect one party of a transaction from the risks or liabilities created by the other party of the transaction. Hold harmless agreement, no-fault agreement, release of liability, or waiver of liability are other terms for an indemnity agreement.200c

$20/Month. The cost of professional indemnity insurance varies considerably. While these policies are extremely common, and typically inexpensive for most industries, the cost can increase significantly for specialized services with much higher risks.

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Court: The Superior Court of California, County of Riverside. Please attach a complete list of activities and times.In many cases, parties negotiating an indemnity clause also negotiate a defense clause (see Obligation to Defend). An indemnification agreement may serve several purposes. In exchange for the right to enter onto and participate in events hosted upon the land occupied by. When filling out the form so that all information appears on each page. CocoDoc collected lots of free Indemnity Agreement Template for our users. You can edit these PDF forms online and download them on your computer for free. Recommend that the RCA Board of Directors authorize the Executive. Find the health insurance plan to fit your needs from Humana.

Riverside California Indemnity Agreement for an Event

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