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_________________________, referred to as INDEMNITOR, and ________________________, referred to as INDEMNITEE agree:
Pursuant to a _________________________ dated __________________, INDEMNITOR agreed to indemnify INDEMNITEE from certain claims and liabilities. A claim has been made by ______________________ against INDEMNITOR, on ___________________ a claim was made against INDEMNITEE for ___________________________________________.
The INDEMNITOR and INDEMNITEE disagree as to whether the contract provides for indemnity for the claim presented by INDEMNITOR.
The parties agree that INDEMNITOR shall provide legal counsel and other services necessary to defend the claim, provided that the provision of such services are not a waiver of any rights that INDEMNITOR may have to dispute whether the claim is required to be indemnified. Further, the parties agree that INDEMNITOR shall control the defense of the claim and INDEMNITEE will cooperate fully with the INDEMNITOR in the defense of the claim.
The parties shall submit the dispute regarding whether the contract provides indemnity herein to INDEMNITEE to a suit before the Court for.
Upon the final decision by the COURT finding that there is no indemnification, the defense shall be turned over to the INDEMNITEE.
Upon the final decision by the COURT finding that indemnity is provided, the INDEMNITOR shall proceed to defend the claim.
“Final decision†shall be defined as a ruling by a Court for which no further appeal is possible, or by agreement by the parties that no further litigation shall take place.
This is the entire agreement between the parties and this agreement may only be varied by a writing executed by the parties.
Dated: ______________________
___________________________________
INDEMNITOR
___________________________________
INDEMNITEE
Indemnification AgreementReview List
This review list is provided to inform you about this document and assist you in its preparation. This is a standard indemnification agreement related to a disputed situation. Feel free to modify it as required by your circumstances.
1. Make multiple copies. Give one to each signatory. Keep one copy in the transaction file.
What else can I help you with?
What rhymes with vehement?
2 syllables: bement 3 syllables: agreement 4 syllables: case agreement, disagreement, in agreement, sales agreement 5 syllables: gender agreement, labor agreement, merger agreement, number agreement, person agreement, purchase agreement, working agreement, written agreement 6 syllables: collective agreement, employment agreement, general agreement, gentlemen's agreement, licensing agreement 7 syllables: acquisition agreement, articles of agreement, distribution agreement
How do you certify a letter of agreement between two people?
By having the agreement notarized.By having the agreement notarized.By having the agreement notarized.By having the agreement notarized.
What is Gentleman Agreement?
A gentleman's agreement is an agreement which is made on each person's word of honor. It is not a legal agreement, but a verbal agreement which can be enforceable in a court of law.
What is the gentleman agreement?
A gentleman's agreement is an agreement which is made on each person's word of honor. It is not a legal agreement, but a verbal agreement which can be enforceable in a court of law.
What does assent?
agreement agreement
What is a bilateral agreement?
what is a bilateral agreement?
Which word has the closest meaning to the word treaty?
Agreement
Agreement between the president and the leader of another country?
executive agreement executive agreement
Can a party to an agreement impose a term to the agreement during the performance of the agreement?
Your liability is limited to the contract agreement signed.
What was the Kyoto agreement?
The Kyoto agreement is an international agreement that deals with working to reduce emission The Kyoto agreement was signed in 1997.
What does assent means?
agreement agreement
What assent mean?
agreement agreement
