What is the purpose of an indemnity 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.

US Legal Forms
Localized Forms
Washington
King
Indemnity Provisions - Scope of the Indemnity

King Washington Indemnity Provisions - Scope of the Indemnity

Name: King Washington Indemnity Provisions - Scope of the Indemnity
Brand: US Legal Forms
Rating: 4.84 (205 reviews)

Category:

Contracts - Clauses - Indemnification

State:

Multi-State

County:

King

Control #:

US-ND1008

Format:

Instant download

Description

This form provides boilerplate contract clauses that outline the scope of any indemnity under the contract agreement. Different language options are included to suit individual needs and circumstances.

View Cook Water Softening And Purification Services Contract - Self-Employed

View this form

View Cook Security And Alarm Services Contract - Self-Employed

View this form

View Cook Gutter Services Contract - Self-Employed

View this form

View Cook Sports Surfaces Installation And Services Contract - Self-Employed

View this form

View Cook Boiler And Radiator Services Contract - Self-Employed

View this form

How to fill out King Washington Indemnity Provisions - Scope Of The Indemnity?

Preparing legal documentation can be burdensome. Besides, if you decide to ask an attorney to write a commercial contract, documents for ownership transfer, pre-marital agreement, divorce papers, or the King Indemnity Provisions - Scope of the Indemnity, it may cost you a lot of money. So what is the best way to save time and money and create legitimate documents in total compliance with your state and local laws and regulations? US Legal Forms is a great solution, whether you're looking for templates for your individual or business needs.

US Legal Forms is the most extensive online catalog of state-specific legal documents, providing users with the up-to-date and professionally checked forms for any scenario accumulated all in one place. Therefore, if you need the latest version of the King Indemnity Provisions - Scope of the Indemnity, you can easily find it on our platform. Obtaining the papers takes a minimum of time. Those who already have an account should check their subscription to be valid, log in, and select the sample by clicking on the Download button. If you haven't subscribed yet, here's how you can get the King Indemnity Provisions - Scope of the Indemnity:

Look through the page and verify there is a sample for your area.
Check the form description and use the Preview option, if available, to make sure it's the template you need.
Don't worry if the form doesn't satisfy your requirements - look 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 payment with a credit card or via PayPal.
Opt for the file format for your King Indemnity Provisions - Scope of the Indemnity and save it.

When done, you can print it out and complete it on paper or upload the template to an online editor for a faster and more practical fill-out. US Legal Forms allows you to use all the paperwork ever obtained multiple times - you can find your templates in the My Forms tab in your profile. Try it out now!

Form Rating

4.84

Satisfied(205)

Form popularity

FAQ

Key Takeaways. 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.

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.

An indemnification provision allocates the risk and expense in the event of a breach, default, or misconduct by one of the parties. By Jennifer Paley. An indemnification provision, also known as a hold harmless provision, is a clause used in contracts to shift potential costs from one party to the other.

Definition of indemnity 1a : security against hurt, loss, or damage. b : exemption from incurred penalties or liabilities.

Why do I need an indemnity clause? Indemnity clauses are used to manage the risks associated with a contract, because they enable one party to be protected against the liability arising from the actions of another party.

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.

Contractual Liability Coverage The indemnity provision is the key to affording liability coverage to persons other than the insured. Absent an indemnity provision, coverage is available only to those named as insureds under the liability policy.

Definition of indemnity 1a : security against hurt, loss, or damage. b : exemption from incurred penalties or liabilities. 2a : indemnification sense 1. b : something that indemnifies. 3 : fee-for-service usually used attributively an indemnity plan.

What Is Indemnity? In an insurance context, an indemnity refers to a contractual obligation for one party to provide compensation in the event of losses on the part of another party.

India Code: Section Details. A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a contract of indemnity.

Interesting Questions

More info

A warranty is a contractual assurance from a seller to a buyer. The hold- harmless agreement14 was held sufficient to allow indemnity.The owner, if he had an indemnity provision in his construction contract with the general contractor (i.e. Yet several oilproducing statesincluding Texashave enacted statutory provisions that limit the scope of allowed indemnity provisions. In Section 124, the scope of implied contracts has not been specified. The law in the field of products liability has been in the state of formation and change. Title: AN ORDINANCE relating to risk management; amending Ordinance 3581, Section 2, as amended, and K.C.C. 4.12. Firearm Review: Armscor's MAPP-FS 9mm. This gun is one that I have set up for the USPSA single stack division.

I have taken the original PPS M1 with 40 round magazines and replaced it with one that takes the larger 9 mm magazines and has a full size rear sight. This gun also has a built-in laser range finder. This is one that I have set up for USPS single stack division.

Disclaimer
The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.

King Washington Indemnity Provisions - Scope of the Indemnity

Description

Related forms

How to fill out King Washington Indemnity Provisions - Scope Of The Indemnity?

Show more info

Form Rating

Form popularity

FAQ

What does an indemnity agreement cover?

What is the purpose of an indemnity clause?

What is an indemnity provision?

What does indemnity mean in simple terms?

Why indemnity is required?

What are the two purposes of indemnity?

What is the indemnity provision in insurance policies?

What does indemnity mean?

What is the meaning of indemnity in insurance?

What is covered under the contract of indemnity?

Interesting Questions

What is the purpose of an indemnity provision?

What is the scope of the indemnity provision?

Can you give an example of a King Indemnity Provisions - Scope of the Indemnity?

What happens if a party breaches the indemnity provision?

Is the scope of the indemnity provision negotiable?

Are there any limitations to the scope of the indemnity provision?

More info

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