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.

US Legal Forms
Localized Forms
Texas
Bexar
Indemnification - Long-Form Provision

Bexar Texas Indemnification - Long-Form Provision

Name: Bexar Texas Indemnification - Long-Form Provision
Brand: US Legal Forms
Rating: 4.62 (234 reviews)

Category:

Contracts - Clauses - Indemnification

State:

Multi-State

County:

Bexar

Control #:

US-ND2307

Format:

Instant download

Description

This form brings together several boilerplate contract clauses that work together to outline the procedures, restrictions, exclusivity and other aspects of an indemnity provided for under the terms of the contract agreement.

Essential Functions Statement

View this form

Direct Deposit Form for Employees

View this form

How to fill out Bexar Texas Indemnification - Long-Form Provision?

Preparing paperwork for the business or personal demands is always a big responsibility. When creating a contract, a public service request, or a power of attorney, it's crucial to take into account all federal and state laws and regulations of the specific region. However, small counties and even cities also have legislative provisions that you need to consider. All these details make it burdensome and time-consuming to create Bexar Indemnification - Long-Form Provision without expert assistance.

It's easy to avoid wasting money on lawyers drafting your documentation and create a legally valid Bexar Indemnification - Long-Form Provision on your own, using the US Legal Forms online library. It is the greatest online collection of state-specific legal templates that are professionally cheched, so you can be certain of their validity when selecting a sample for your county. Previously subscribed users only need to log in to their accounts to save the needed document.

If you still don't have a subscription, adhere to the step-by-step instruction below to get the Bexar Indemnification - Long-Form Provision:

Look through the page you've opened and check if it has the sample you require.
To accomplish this, use the form description and preview if these options are available.
To locate the one that fits your requirements, utilize the search tab in the page header.
Double-check that the sample complies with juridical criteria and click Buy Now.
Choose the subscription plan, then log in or register for an account with the US Legal Forms.
Use your credit card or PayPal account to pay for your subscription.
Download the selected file in the preferred format, print it, or complete it electronically.

The great thing about the US Legal Forms library is that all the documentation you've ever acquired never gets lost - you can access it in your profile within the My Forms tab at any moment. Join the platform and easily get verified legal templates for any use case with just a couple of clicks!

Form Rating

4.62

Satisfied(234)

Form popularity

FAQ

Survival periods for breaches of representations and warranties tend to range from between six months and two years after the closing; however, the survival period for certain fundamental representations and warranties will often be longer and sometimes indefinite.

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.

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.

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.

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.

To indemnify another party is to compensate that party for losses that that party has incurred or will incur as related to a specified incident.

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.

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.

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.

Interesting Questions

More info

Indemnity clauses are one of the most negotiated (and litigated) provisions in a construction contract. WHEREAS, such conditions now exist in the District, specifically.By completing this step you process the assembly questions which draft the legal language of the form depending upon your answers and built-in logic. Donald Pieper (Denver, Colorado). The correct format in which to write a …. 228487: Local Authority Name: Cornwall: Local Authority Code: ….

Bexar Texas Indemnification - Long-Form Provision

Description

Related forms

Viewed forms

How to fill out Bexar Texas Indemnification - Long-Form Provision?

Show more info

Form Rating

Form popularity

FAQ

How long do indemnification clauses last?

How do I collect an indemnity?

Do indemnity clauses hold up in court?

Why is indemnity clause required?

How do you negotiate an indemnity clause?

What is the process of indemnity?

What does it mean indemnification?

How do you enforce an indemnity provision?

What is a indemnification provision?

Are indemnification clauses enforceable?

Interesting Questions

What is Bexar Indemnification - Long-Form Provision701491?

Who does Bexar Indemnification - Long-Form Provision701491 apply to?

Why is indemnification important?

What are the typical situations where indemnification comes into play?

Who is responsible for indemnification?

How does indemnification work?

More info

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