What is a standard indemnification clause?

Indemnification clauses are clauses in contracts that set out to protect one party from liability if a third-party or third entity is harmed in any way. It's a clause that contractually obligates one party to compensate another party for losses or damages that have occurred or could occur in the future.

US Legal Forms
Localized Forms
Texas
Dallas
Indemnification Agreement for Personal Property

Dallas Texas Indemnification Agreement for Personal Property

Name: Dallas Texas Indemnification Agreement for Personal Property
Brand: US Legal Forms
Rating: 4.77 (375 reviews)

Category:

Contracts - Indemnification

State:

Multi-State

County:

Dallas

Control #:

US-60899

Format:

Instant download

Description

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.

How to fill out Dallas Texas Indemnification Agreement For Personal Property?

A document routine always goes along with any legal activity you make. Staring a company, applying or accepting a job offer, transferring ownership, and lots of other life scenarios require you prepare formal paperwork that varies throughout the country. That's why having it all accumulated in one place is so valuable.

US Legal Forms is the most extensive online library of up-to-date federal and state-specific legal templates. On this platform, you can easily locate and download a document for any individual or business purpose utilized in your county, including the Dallas Indemnification Agreement for Personal Property.

Locating templates on the platform is amazingly straightforward. If you already have a subscription to our service, log in to your account, find the sample using the search bar, and click Download to save it on your device. Afterward, the Dallas Indemnification Agreement for Personal Property will be available for further use in the My Forms tab of your profile.

If you are dealing with US Legal Forms for the first time, follow this quick guide to get the Dallas Indemnification Agreement for Personal Property:

Make sure you have opened the proper page with your localised form.
Utilize the Preview mode (if available) and browse through the sample.
Read the description (if any) to ensure the form corresponds to your requirements.
Search for another document via the search tab if the sample doesn't fit you.
Click Buy Now once you locate the required template.
Select the suitable subscription plan, then log in or register for an account.
Select the preferred payment method (with credit card or PayPal) to continue.
Choose file format and save the Dallas Indemnification Agreement for Personal Property on your device.
Use it as needed: print it or fill it out electronically, sign it, and file where requested.

This is the simplest and most trustworthy way to obtain legal paperwork. All the samples available in our library are professionally drafted and checked for correspondence to local laws and regulations. Prepare your paperwork and run your legal affairs effectively with the US Legal Forms!

Form Rating

4.77

Satisfied(375)

Form popularity

FAQ

"Each party agrees to indemnify, defend, and hold harmless the other party from and against any loss, cost, or damage of any kind (including reasonable outside attorneys' fees) to the extent arising out of its breach of this Agreement, and/or its negligence or willful misconduct."

Example 1: Here is an example of a simple indemnity clause in a contract: "I hereby release, acquit and discharge company and its agents and employees from any liability arising from any circumstance including the negligence of company or its employees.

Hold harmless and indemnification is a clause that should identify which party will defend and indemnify the other party in a claim situation; it may be a mutual agreement.

At their core, indemnification provisions transfer liabilities related to a claim from one party to another party, generally in the event of a breach of contract or a party's negligence or misconduct in the performance of the agreement.

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

Court will not enforce an indemnification provision that indemnifies an indemnitee for its own negligence unless the intention of the parties is clearly and unambiguously expressed. Courts first look for specific language in the contract that address the fault or negligence of the indemnitee.

Indemnification clauses are clauses in contracts that set out to protect one party from liability if a third-party or third entity is harmed in any way. It's a clause that contractually obligates one party to compensate another party for losses or damages that have occurred or could occur in the future.

To indemnify means to compensate someone for his/her harm or loss. 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.

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.

Party A shall indemnify, defend and hold harmless Party B against any and all loss arising out of, by reason of, in connection with or as a result of third-party claims in connection with intellectual property that is the subject matter of license under this agreement.

More info

General liability waiver. Indemnification agreement.Indemnification provisions are common in many contracts. Personal injury and tangible property damage. Pick-up the participant and identification will be required. ROW-A-5, Real Estate Appraisal Report Texas Department of Transportation. "Public work contract" means a contract for constructing, altering, or repairing a public building or carrying out or completing any public work. IRC § 6323(f) provides that states may designate one office for filing the NFTL for real and personal property.

Dallas Texas Indemnification Agreement for Personal Property

Description

Related forms

How to fill out Dallas Texas Indemnification Agreement For Personal Property?

Show more info

Form Rating

Form popularity

FAQ

What is an indemnification clause example?

How do you write an indemnification clause?

What is indemnification and hold harmless agreement?

Is indemnification a breach of contract?

What is indemnification agreement?

Do indemnity clauses hold up in court?

What is a standard indemnification clause?

How does an indemnification clause work?

Are indemnification agreements enforceable?

How do you draft a good indemnity clause?

More info

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