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.
Bronx, New York Indemnification — Long-Form Provision is a legal document that outlines the terms and conditions under which one party agrees to indemnify and hold harmless another party in the Bronx, New York jurisdiction. This provision serves as a protection against financial loss, damages, or liability that may arise from a specific event or occurrence. Keywords: Bronx, New York, indemnification, long-form provision, legal document, terms and conditions, hold harmless, financial loss, damages, liability. Different types of Bronx, New York Indemnification — Long-Form Provisions may include: 1. General Indemnification — Long-Form Provision: This type of provision offers broad protection, wherein one party agrees to indemnify the other party against all claims, liabilities, costs, and expenses, regardless of whether they are directly or indirectly related to the specified event or occurrence. 2. Limited Indemnification — Long-Form Provision: Unlike the general provision, this type of indemnification provision restricts the scope of indemnification to specific types of claims, liabilities, costs, or expenses. It outlines the specific circumstances or conditions that trigger the indemnification obligation. 3. Third-Party Indemnification — Long-Form Provision: This provision applies when a third party brings a claim against one of the parties involved in the agreement. It specifies the party responsible for indemnifying the other party and provides guidelines for the process of handling third-party claims. 4. Mutual Indemnification — Long-Form Provision: In this provision, both parties agree to indemnify and hold each other harmless from claims, liabilities, costs, and expenses arising from the specified event or occurrence. It establishes a reciprocal obligation to protect each party against potential losses. 5. Liquidated Damages Indemnification — Long-Form Provision: This type of provision includes predetermined monetary damages that one party agrees to pay to the other party in the event of a breach or violation of the agreement. It simplifies the calculation of damages and eliminates the need for complicated litigation. It is important to consult with legal professionals familiar with Bronx, New York jurisdiction to ensure the effective incorporation of an appropriate indemnification — long-form provision in agreements.
