How do I collect an indemnity?

To get an indemnity bond, you'll have to sign an indemnity agreement with the surety. It states that if a bond claim arises, you'll carry the full financial responsibility -- rather than the surety company that has bonded you.

How do indemnification clauses work?

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
Pennsylvania
Philadelphia
Amendment of Articles to Expand Indemnification of Agents

Philadelphia Pennsylvania Amendment of Articles to Expand Indemnification of Agents

Name: Philadelphia Pennsylvania Amendment of Articles to Expand Indemnification of Agents
Brand: US Legal Forms
Rating: 4.88 (240 reviews)

Category:

Corporations - Public - Indemnification

State:

Multi-State

County:

Philadelphia

Control #:

US-CC-17-189-NE

Format:

Instant download

Description

This sample form, a detailed Amendment of Articles to Expand Indemnification of Agents, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

View Orange Pagaré - Pagaré Globo

View this form

View Miami-Dade Pagaré - Pagaré Globo

View this form

View Dallas Pagaré - Pagaré Globo

View this form

View Kings Pagaré - Pagaré Globo

View this form

View Riverside Pagaré - Pagaré Globo

View this form

Request for Permission to Reprint Copyrigh...

View this form

Quitclaim Deed from Husband and Wife to Tw...

View this form

Quitclaim Deed from one Individual to Two ...

View this form

Employment or Job Termination Agreement

View this form

Notice to Vacate for Repairs

View this form

How to fill out Philadelphia Pennsylvania Amendment Of Articles To Expand Indemnification Of Agents?

Preparing legal paperwork can be difficult. In addition, if you decide to ask a legal professional to draft a commercial contract, papers for ownership transfer, pre-marital agreement, divorce papers, or the Philadelphia Amendment of Articles to Expand Indemnification of Agents, it may cost you a lot of money. So what is the most reasonable way to save time and money and draft legitimate forms in total compliance with your state and local laws? US Legal Forms is a perfect solution, whether you're looking for templates for your personal or business needs.

US Legal Forms is the most extensive online library of state-specific legal documents, providing users with the up-to-date and professionally verified templates for any scenario gathered all in one place. Therefore, if you need the current version of the Philadelphia Amendment of Articles to Expand Indemnification of Agents, you can easily locate it on our platform. Obtaining the papers requires a minimum of time. Those who already have an account should check their subscription to be valid, log in, and pick the sample with the Download button. If you haven't subscribed yet, here's how you can get the Philadelphia Amendment of Articles to Expand Indemnification of Agents:

Look through the page and verify there is a sample for your area.
Examine the form description and use the Preview option, if available, to ensure it's the sample you need.
Don't worry if the form doesn't suit your requirements - search for the correct one in the header.
Click Buy Now when you find the needed sample and select the best suitable subscription.
Log in or sign up for an account to pay for your subscription.
Make a transaction with a credit card or through PayPal.
Opt for the file format for your Philadelphia Amendment of Articles to Expand Indemnification of Agents and download it.

Once done, you can print it out and complete it on paper or upload the template to an online editor for a faster and more convenient fill-out. US Legal Forms enables you to use all the documents ever acquired many times - you can find your templates in the My Forms tab in your profile. Try it out now!

Form Rating

4.88

Satisfied(240)

Form popularity

FAQ

To get an indemnity bond, you'll have to sign an indemnity agreement with the surety. It states that if a bond claim arises, you'll carry the full financial responsibility -- rather than the surety company that has bonded you.

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.

In negotiating indemnities, it is important to review the clause carefully to understand when the indemnity kicks in and what the scope of the liability is. This will help a party decide if the indemnity is acceptable, or if it needs to be finessed to make it fair for all parties involved.

Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damages caused by another party.

Indemnity is the obligation one party has to make good a loss or damage another party has incurred. An indemnitor is the party who is obligated to pay another. An indemnitee is the party who is entitled to receive the payment from the indemnitor.

Owners of corporations and limited liability companies can have statutory and contractual obligations to indemnify officers, directors, managers, and members for legal fees incurred in defending litigation.

You should look to limit indemnification clauses by narrowing their scope, putting in caps on damages, and clearly defining the indemnifiable acts (i.e. the representations and warranties in the example above). Also consider purchasing insurance as a means to limit your financial risk.

This is essentially an I'll protect your back clause, making the party giving the indemnity responsible to pay back the other party for things they might do wrong, bringing harm to the first party. You may also know that most contracts also include a separate limitation on liability clause.

Enforcement of Contract of Indemnity A contract of indemnity can be invoked according to its terms like the express promise. Damages, legal costs of judgement, the amount paid under the terms of the agreement are some of the claims which Indemnity holder can include in its claims.

Commonly, a party's indemnification obligations are carved-out from the limitations of liability meaning a party has unlimited liability for indemnification obligations.

Interesting Questions

More info

Examinations and Appointments. 1905T. G. Murphy is manager and A. H. White superintendent of agents .45 , 93 , 406 Union Assurance Society of London Withdraws from the United States . Philadelphia Indemnity moved for summary judgment, arguing that the accident was subject to the aircraft exclusion in the policy. Privileges and immunities clause of state citizenship set out in Article IV, §2. Conversion and expansion of flexible condominiums. The answer may come in the form of a mandatory venue provision. Summary. Indemnification of Directors and Officers" of the information statement. Project Name: Parking Expansion, Phase 3.

Philadelphia Pennsylvania Amendment of Articles to Expand Indemnification of Agents

Description

Related forms

Viewed forms

How to fill out Philadelphia Pennsylvania Amendment Of Articles To Expand Indemnification Of Agents?

Show more info

Form Rating

Form popularity

FAQ

How do I collect an indemnity?

How do indemnification clauses work?

How do you negotiate an indemnity?

What is the process of indemnity?

What is an indemnity obligation?

What is mandatory indemnification?

How do you limit an indemnification clause?

What is a cap on an indemnity clause and why should I care?

How do you enforce an indemnity provision?

Does limitation of liability cap indemnification?

Interesting Questions

What is the Philadelphia Amendment of Articles regarding indemnification?

Why was the Philadelphia Amendment of Articles introduced?

Who does the Philadelphia Amendment of Articles apply to?

What does indemnification mean?

How does the Philadelphia Amendment expand indemnification?

What benefits do agents derive from the expanded indemnification?

More info

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