Philadelphia Pennsylvania Indemnification of Lessor

Name: Philadelphia Pennsylvania Indemnification of Lessor
Brand: US Legal Forms
Rating: 4.79 (339 reviews)

Category:

Oil Gas and Minerals - Lease Riders

State:

Multi-State

County:

Philadelphia

Control #:

US-OG-801

Format:

Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

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How to fill out Philadelphia Pennsylvania Indemnification Of Lessor?

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FAQ

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.

Example 1: Here is an example of a simple indemnity clause in a contract: "I hereby release, acquit and discharge company and its agents and employees from any liability arising from any circumstance including the negligence of company or its employees.

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 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

Tips for Enforcing Indemnification Provisions Identify Time Periods for Asserting Indemnification Rights.Provide Notice in a Timely Fashion.Notify All Concerned Parties.Understand Limitations on Recovery.Exclusive Remedy.Scope of Damages.Claims Process/Dispute Resolution.

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.

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

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.

A party or parties hereto agreeing to be responsible for or to indemnify against any matter pursuant to this Agreement is referred to herein as the Indemnifying Party and the other party or parties claiming indemnity is referred to as the Indemnified Party.

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(b) LANDLORD INDEMNIFICATION. LANDLORD SHALL INDEMNIFY AND HOLD HARMLESS TENANT FROM AND AGAINST ALL THIRD-PARTY CLAIMS ARISING FROM.Property or Persons. Damages arising out of bodily injury or death to persons. Before moving into a rental property, a landlord might require the tenant to sign an indemnity clause in the lease agreement.

This clause, which is not legally binding, usually states that the landlord will not be responsible or held liable for anything that occurs on the leased premises which is beyond the landlord's reasonable control (i.e. damage or loss caused by fire, flood, earthquake, theft, etc.). Landlords are required to notify tenants if third parties may become liable for the tenant's breach of the lease by the landlord or by one or more of the landlord's employees (for example if a landlord is required to maintain its rented buildings, maintenance is not normally the landlord's responsibility). Landlords must also notify tenants if the landlord may be liable for third party claims arising from the tenants actions. The notice must specify the legal basis for the liability. A statement at the end of the notice should be given stating that the landlord is required to respond to any claim within ten days after its receipt.

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Philadelphia Pennsylvania Indemnification of Lessor

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How to fill out Philadelphia Pennsylvania Indemnification Of Lessor?

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What is indemnity example?

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What is the most common form of indemnity agreement?

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