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.

What is the purpose of an indemnification clause?

An indemnification clause may allow: The indemnified party to recover certain types of losses, such as attorney's fees, which are not typically recoverable under a common law cause of action. The indemnifying party to reduce its liability by incorporating: Liability cap.

What does an indemnification agreement do?

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.

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Radio Tower Lease and Indemnification Agreement

Broward Florida Radio Tower Lease and Indemnification Agreement

Name: Broward Florida Radio Tower Lease and Indemnification Agreement
Brand: US Legal Forms
Rating: 4.82 (252 reviews)

Category:

Leases - Radio Towers

State:

Multi-State

County:

Broward

Control #:

US-60953

Format:

Instant download

Description

This Agreement is entered into by and between a lessor and a lessee. The lessor leases to the lessee a site for placement of a metal guide radio tower transmitter for use by the county on the lessors property. The lessee agrees to indemnify, defend and hold lessor harmless from any and all liability, suits, demands and claims for property damage or personal injury claimed or caused to any person, or any other claim arising directly or indirectly out of the placement, use and operation of the tower. The lessee further agrees to assume defense on behalf of the lessor of any litigation brought against the lessor relating to the tower and pay all costs, expenses, attorney fees and monetary awards incurred by the lessor in litigation. The Broward Florida Radio Tower Lease and Indemnification Agreement is a legal document that outlines the terms and conditions for leasing radio tower space in Broward County, Florida. This agreement is crucial for both the tower owner and the tenant to protect their rights and mitigate any potential liabilities. The Broward Florida Radio Tower Lease Agreement typically covers various key aspects, including the lease duration, rental fees, maintenance responsibilities, and permitted use of the tower. It also outlines the obligations of both parties, such as compliance with local regulations and adherence to safety protocols. Additionally, the agreement may define specific provisions related to zoning restrictions, insurance requirements, and environmental compliance. Regarding indemnification, the Broward Florida Radio Tower Lease and Indemnification Agreement aims to allocate the responsibility of any potential damages or legal claims that may arise during the lease term. This section sets out the indemnity's obligation to compensate the indemnified party for any losses, expenses, or liabilities incurred due to the use of the tower or any negligence on the part of the tenant. Different types of Broward Florida Radio Tower Lease and Indemnification Agreements might include variations based on the specific purpose of the tower lease. For instance, agreements may differ if the tower is being used for broadcasting purposes, telecommunication services, or for hosting wireless equipment. This distinction could address specific technical requirements, equipment installation, and maintenance provisions tailored to the particular usage. It is essential to consult with legal professionals experienced in real estate and telecommunications law when drafting or reviewing the Broward Florida Radio Tower Lease and Indemnification Agreement. These experts can ensure that the agreement complies with all applicable laws, protects the rights of both parties, and covers potential risks associated with operating a radio tower in Broward County, Florida.

The Broward Florida Radio Tower Lease and Indemnification Agreement is a legal document that outlines the terms and conditions for leasing radio tower space in Broward County, Florida. This agreement is crucial for both the tower owner and the tenant to protect their rights and mitigate any potential liabilities. The Broward Florida Radio Tower Lease Agreement typically covers various key aspects, including the lease duration, rental fees, maintenance responsibilities, and permitted use of the tower. It also outlines the obligations of both parties, such as compliance with local regulations and adherence to safety protocols. Additionally, the agreement may define specific provisions related to zoning restrictions, insurance requirements, and environmental compliance. Regarding indemnification, the Broward Florida Radio Tower Lease and Indemnification Agreement aims to allocate the responsibility of any potential damages or legal claims that may arise during the lease term. This section sets out the indemnity's obligation to compensate the indemnified party for any losses, expenses, or liabilities incurred due to the use of the tower or any negligence on the part of the tenant. Different types of Broward Florida Radio Tower Lease and Indemnification Agreements might include variations based on the specific purpose of the tower lease. For instance, agreements may differ if the tower is being used for broadcasting purposes, telecommunication services, or for hosting wireless equipment. This distinction could address specific technical requirements, equipment installation, and maintenance provisions tailored to the particular usage. It is essential to consult with legal professionals experienced in real estate and telecommunications law when drafting or reviewing the Broward Florida Radio Tower Lease and Indemnification Agreement. These experts can ensure that the agreement complies with all applicable laws, protects the rights of both parties, and covers potential risks associated with operating a radio tower in Broward County, Florida.

How to fill out Broward Florida Radio Tower Lease And Indemnification Agreement?

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FAQ

Why are indemnification provisions important? Indemnification clauses allow a contracting party to: Customize the amount of risk it is willing to undertake in each transaction and with every counterparty. Protect itself from damages and lawsuits that are more efficiently borne by the counterparty.

In the B2B world, loan indemnity is a valuable protection against the sudden inability to repay a mortgage or loan. For example, if a borrower suffers a disabling event that impairs their ability to pay their secured debt, like a mortgage, their loan indemnification clause kicks in to pay the debt.

Indemnity is defined by statute in California 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.?1 In other words, one party (known as the indemnitor) agrees to be responsible for certain liabilities of another party (known as

Generally, you should only agree to pay for losses arising from your own actions and not the other party's actions. If you want to draw a stricter line, you could negotiate an indemnification provision that only holds you liable for gross negligence and willful misconduct, and not simple negligence.

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.

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.

An indemnification clause may allow: The indemnified party to recover certain types of losses, such as attorney's fees, which are not typically recoverable under a common law cause of action. The indemnifying party to reduce its liability by incorporating: Liability cap.

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.

An indemnity agreement is a contract that protects 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.?

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WHEREAS, Tenant is under contract to provide ______ service to.

Broward Florida Radio Tower Lease and Indemnification Agreement

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What is the purpose of an indemnification agreement?

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What is an indemnification agreement?

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