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.

Can a director indemnify a company?

A director's indemnity involves a company undertaking to protect its directors against liabilities that they may incur in the course of performing their company's duties. A director's indemnity may be required (as in some instances by ASIC) or a company can choose to indemnify its directors.

US Legal Forms
Localized Forms
New York
Bronx
Indemnity Agreement between corporation and directors officers...

Bronx New York Indemnity Agreement between corporation and directors officers employees and agents of corporation

Name: Bronx New York Indemnity Agreement between corporation and directors officers employees and agents of corporation
Brand: US Legal Forms
Rating: 4.67 (328 reviews)

Category:

Corporations - Public - Indemnification

State:

Multi-State

County:

Bronx

Control #:

US-CC-17-146

Format:

Instant download

Description

This sample form, a detailed Indemnity Agreement, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

View Santa Clara Acuerdo de Trabajador Temporal - Contratista Independiente Trabajador por Cuenta Propia

View this form

View Wayne Acuerdo de Trabajador Temporal - Contratista Independiente Trabajador por Cuenta Propia

View this form

View Alameda Acuerdo de Trabajador Temporal - Contratista Independiente Trabajador por Cuenta Propia

View this form

View Middlesex Acuerdo de Trabajador Temporal - Contratista Independiente Trabajador por Cuenta Propia

View this form

View Philadelphia Acuerdo de Trabajador Temporal - Contratista Independiente Trabajador por Cuenta Propia

View this form

How to fill out Bronx New York Indemnity Agreement Between Corporation And Directors Officers Employees And Agents Of Corporation?

Whether you intend to open your company, enter into a deal, apply for your ID renewal, or resolve family-related legal issues, you need to prepare specific documentation corresponding to your local laws and regulations. Locating the correct papers may take a lot of time and effort unless you use the US Legal Forms library.

The service provides users with more than 85,000 expertly drafted and verified legal templates for any individual or business occurrence. All files are collected by state and area of use, so opting for a copy like Bronx Indemnity Agreement between corporation and directors officers employees and agents of corporation is fast and easy.

The US Legal Forms library users only need to log in to their account and click the Download button next to the required form. If you are new to the service, it will take you several additional steps to obtain the Bronx Indemnity Agreement between corporation and directors officers employees and agents of corporation. Adhere to the guide below:

Make sure the sample fulfills your individual needs and state law regulations.
Read the form description and check the Preview if there’s one on the page.
Use the search tab providing your state above to find another template.
Click Buy Now to get the file when you find the right one.
Opt for the subscription plan that suits you most to proceed.
Log in to your account and pay the service with a credit card or PayPal.
Download the Bronx Indemnity Agreement between corporation and directors officers employees and agents of corporation in the file format you need.
Print the copy or complete it and sign it electronically via an online editor to save time.

Documents provided by our library are reusable. Having an active subscription, you can access all of your earlier purchased paperwork whenever you need in the My Forms tab of your profile. Stop wasting time on a endless search for up-to-date formal documents. Join the US Legal Forms platform and keep your paperwork in order with the most extensive online form collection!

Form Rating

4.67

Satisfied(328)

Form popularity

FAQ

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 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

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.

Modification: As opposed to indemnification and advancement rights created by the company's organizational documents, which may be amended by the board or shareholders, indemnification agreements allow the director or officer to prevent the company from unilaterally terminating or reducing the indemnitee's rights.

A director's indemnity involves a company undertaking to protect its directors against liabilities that they may incur in the course of performing their company's duties. A director's indemnity may be required (as in some instances by ASIC) or a company can choose to indemnify its directors.

What does "Corporate Indemnification" mean? Generally, indemnification refers to a situation in which one party (the indemnifying party) agrees or is required to cover the costs, losses and/or expenses experienced by another party (the indemnified party).

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

Intermediate indemnity is the most common form of indemnity. With intermediate indemnity the indemnitor assumes liability if it has contributed to the fault. If the indemnitee is solely at fault, the indemnitor is not liable.

An example of an indemnity would be an insurance contract, where the insurer agrees to compensate for any damages that the entity protected by the insurer experiences.

Indemnification. Indemnification is an undertaking by the company to defend the director and officer against the cost of certain claims, including legal fees, litigation awards and settlement costs.

Bronx New York Indemnity Agreement between corporation and directors officers employees and agents of corporation

Description

Related forms

How to fill out Bronx New York Indemnity Agreement Between Corporation And Directors Officers Employees And Agents Of Corporation?

Show more info

Form Rating

Form popularity

FAQ

What is the purpose of an indemnification agreement?

What is indemnification agreement?

How do you write an indemnity clause?

What is a director indemnification agreement?

Can a director indemnify a company?

What is a corporate indemnification agreement?

How do I fill out an indemnity agreement?

What is the most common form of indemnity agreement?

What is indemnity example?

What is indemnification agreement for directors and officers?

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