What is the purpose of an indemnification agreement?

In most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other party's actions or failure to act. The intent is to shift liability away from one party, and on to the indemnifying party.

What is an example of indemnification?

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.

US Legal Forms
Localized Forms
California
Santa Clara
Indemnification Agreement for Sale of Real Estate with Planted Timber

Santa Clara California Indemnification Agreement for Sale of Real Estate with Planted Timber

Name: Santa Clara California Indemnification Agreement for Sale of Real Estate with Planted Timber
Brand: US Legal Forms
Rating: 4.81 (443 reviews)

Category:

Contracts - Indemnification

State:

Multi-State

County:

Santa Clara

Control #:

US-01619

Format:

Instant download

Description

The purchaser agrees to buy certain property from the seller. A portion of the property was planted in pines with government assistance. Purchaser agrees to abide by the terms and provisions and conditions of the agreement and if a violation occurs, purchaser will hold seller harmless for any due payments.

Direct Deposit Form for IRS

View this form

Amendment No. 3 to Managed Network Agreeme...

View this form

Employee Evaluation Form for Assistant Pro...

View this form

Acknowledgement and Acceptance of Order

View this form

Escrow Release

View this form

Registered Investment Bond

View this form

Application for Admission - PHV

How to fill out Santa Clara California Indemnification Agreement For Sale Of Real Estate With Planted Timber?

Dealing with legal forms is a necessity in today's world. Nevertheless, you don't always need to look for professional help to draft some of them from scratch, including Santa Clara Indemnification Agreement for Sale of Real Estate with Planted Timber, with a platform like US Legal Forms.

US Legal Forms has over 85,000 forms to pick from in various types varying from living wills to real estate paperwork to divorce documents. All forms are organized according to their valid state, making the searching experience less challenging. You can also find information materials and guides on the website to make any tasks associated with paperwork execution simple.

Here's how you can locate and download Santa Clara Indemnification Agreement for Sale of Real Estate with Planted Timber.

Take a look at the document's preview and description (if available) to get a basic information on what you’ll get after getting the form.
Ensure that the document of your choosing is adapted to your state/county/area since state regulations can impact the validity of some records.
Examine the similar document templates or start the search over to locate the right file.
Click Buy now and register your account. If you already have an existing one, select to log in.
Choose the pricing {plan, then a suitable payment method, and purchase Santa Clara Indemnification Agreement for Sale of Real Estate with Planted Timber.
Choose to save the form template in any offered format.
Go to the My Forms tab to re-download the file.

If you're already subscribed to US Legal Forms, you can locate the appropriate Santa Clara Indemnification Agreement for Sale of Real Estate with Planted Timber, log in to your account, and download it. Of course, our website can’t replace a lawyer entirely. If you have to deal with an exceptionally difficult case, we recommend using the services of an attorney to check your form before executing and filing it.

With more than 25 years on the market, US Legal Forms became a go-to platform for various legal forms for millions of users. Become one of them today and get your state-specific documents effortlessly!

Form Rating

4.81

Satisfied(443)

Form popularity

FAQ

There are two parties in an indemnity contract, including the indemnitee and indemnifier. The indemnitee is the party that is seeking protection, whereas the indemnifier is the one promising to hold harmless.

In most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other party's actions or failure to act. The intent is to shift liability away from one party, and on to the indemnifying party.

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.

Indemnification in real estate defines the buyer taking full responsibility for what should be the seller's fault otherwise. For example, you agree to purchase a property with minor flaws caused by the seller. The previous owner might have felled a tree which crashed into the roof.

Indemnification clauses are exceedingly common in many contracts, but what you should pay close attention to is the scope of your indemnification agreement. Generally, you should only agree to pay for losses arising from your own actions and not the other party's actions.

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

In California, indemnity is defined as "a contract by which one engages to save another from a legal consequence of the conduct of one of the parties, or of some other person." Cal. Civ.

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.

Interesting Questions

More info

Homes located outside this area may NOT be rented as vacation rentals. Items 1 - 19 — q Commercial Real Estate q Maritime Operations. •.Oil, gas and other minerals and all timber, and all rights and interests in the foregoing;. Injuries to property on Bear River Refuge; disturbance of birds, etc. 7.3.1 Implement New Water Conservation Provisions in the Contracts .

Santa Clara California Indemnification Agreement for Sale of Real Estate with Planted Timber

Description

Related forms

Viewed forms

How to fill out Santa Clara California Indemnification Agreement For Sale Of Real Estate With Planted Timber?

Show more info

Form Rating

Form popularity

FAQ

What are the two purposes of indemnity?

What is the purpose of an indemnification agreement?

What is an example of indemnification?

What is an indemnification clause in real estate?

Should you agree to indemnification clause?

What is an indemnification agreement?

What is indemnification agreement California?

What is the purpose of an indemnity agreement?

Interesting Questions

What is a Santa Clara Indemnification Agreement for Sale of Real Estate with Planted Timber720294?

Why is an indemnification agreement necessary when selling real estate with planted timber?

What kind of risks and liabilities does the indemnification agreement cover?

Who is responsible for the costs associated with risks and liabilities covered in the indemnification agreement?

Is the Santa Clara Indemnification Agreement a legally binding document?

Can the terms of the indemnification agreement be negotiated?

More info

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