If your business offers risky jobs and activities to the public, such as amusement parks or construction sites, then you need an indemnity agreement to release yourself from probable liabilities in case an accident occurs. Faulty equipment and inadequate maintenance are some of the common causes of accidents. Still, you can avoid lawsuits if you have a copy of the written agreement of the indemnification.
Sample Indemnification Agreement
An indemnification agreement basically helps businesses and individuals get proper protection and compensation against any financial losses, liabilities, or damages made by another party.
1. Sample Indemnification Agreement
Indemnity is considered an agreement wherein one party agrees to cover the potential losses and damages made by the other party. This Sample Indemnification Agreement shows concise information that ensures proper compensation plan and security to the indemnities from any liability, loss, or damages that occurs under the premises of the indemnifier.
2. Sample General Indemnification Agreement
A surety is an insurance company or a surety bond broker, and it is its task to give financial guarantee to the obligee on behalf of the principal. In the process, the surety will require a surety bond and an indemnification agreement to complete the process. This Sample General Indemnification Agreement states to defend, indemnify, and save harmless a surety during its period of service to a client.
3. Sample Hold Harmless and Indemnification Agreement
Working in a school district is challenging, but it also has its benefits. During an individual’s employment period, the school can hold them responsible for whatever losses or damages an employee may incur. This Sample Hold Harmless and Indemnification Agreement covers the indemnity a school district has from its potential applicants. Holding each applicant liable for any damages, claims, and losses due to their negligence during their operations under the district’s facilities.
4. Sample Defense and Indemnification Agreement
Businesses and other institutions rely on vendors to supply them with the right products to support their business sales. Errors are inevitable in some occasions, but that doesn’t mean it is not fixable. The vendors are still reliable to replace damaged goods and wrong shipments with the right ones. This Sample Defense and Indemnification Agreement discusses the indemnity a vendor/supplier provides to their clients during the period of their dealings and agreement. Acknowledging the terms and conditions set by the vendor/supplier are reasonable for both parties.
5. Sample Environmental Indemnification Agreement
Property leases can be for residential purposes or business purposes, and signing an indemnification agreement can save the lender the hassle of taking responsibility for any possible damages incurred by their lessee. This Sample Environmental Indemnification Agreement provides a comprehensive content of the indemnifying and defending the lender of a property from any possible damages caused by hazardous substances present or alleged to be present in the leased property.
6. Sample Insurance and Indemnification Agreement
School events require a lot of planning, and it can get stressful along the way. If you prefer to save your time and the hassle in preparing your dishes, then having a catering service is perfect for your event. This Sample Insurance and Indemnification Agreement grant permission to a catering service to a school. Following a clear indemnification and hold harmless the members of the school from any injuries and damages caused in the school’s facilities during the caterer’s employment period.
7. Sample Release and Indemnification Agreement
Do you plan to remodel or renovate your home? Then you probably figured the cost it takes to finish the project. But did it cross your mind to use an indemnification agreement to clear out liabilities in continuing the project? This Sample Release and Indemnification Agreement gives a clear understanding between two parties to release, indemnify, and hold harmless the employees and the institution itself against damages, losses, and liabilities in allocating the owner’s request to a tax credit for a housing project.
8. Sample Liability and Indemnification Agreement
You want to gain the loyalty of your clients, but how can you do that if they do not feel secure with your services? In acquiring your services, your clients do not only check your credibility and performances, but they also check their safety in receiving your services. This Sample Liability and Indemnification Agreement provides a well-detailed content of the agreed protection and indemnification given to the clients of the serving company. This template properly insuring their clients on any possible accidents as required by the law.
9. Sample Director Indemnification Agreement
Directors have a significant role in the company, and it is their task to make strategic and operational decisions for the company. This Sample Director Indemnification Agreement gives a full-detailed content of a company director to perform a valuable service to the group, wherein the company agrees to hold harmless and to give indemnification rights to the director for doing such service.
10. Sample Student Trip Release and Indemnification Agreement
Taking a field trip is fun and educational. For teachers, these trips provide students a real-world experience, which is beneficial for their part. But at the same time, students are exposed to risk. This Sample Student Trip Release and Indemnification Agreement acknowledges the possible dangers in participating in the school trip, and the student participating agrees to release the university from any liabilities from any claims, demands, damages, or loss that may occur during the period of the trip.
11. Sample Developer Indemnification Agreement
Developing a new system can increase the efficiency and productivity of the group, but there is still some risk in doing so. This Sample Developer Indemnification Agreement provides a detailed interpretation of the agreed indemnification the developer gives the underwriter. This is to protect and compensate the underwriter for the possible cost and liabilities incurred during the new developments made by the developer.
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