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The validity of an indemnity can vary based on the terms specified in the agreement and the applicable laws of the jurisdiction. Generally, indemnity agreements remain in effect until the obligations outlined in the agreement are fulfilled or until a specified time period expires. In some cases, indemnity may last indefinitely, especially in matters involving ongoing liabilities. It's essential to consult the specific terms of the indemnity and relevant legal provisions for clarity.
What else can I help you with?
How long is a signature valid on a legal document?
For as long as the document is valid.
Will the stamp duty for an indemnity bond change if it is attested by witness?
I can try to answer with respect to the legal status of stamp duty indemnity bond in India.Firstly, an indemnity bond, anyway, will have to be attested. In other words, there cannot be a valid indemnity bond without being attested.Secondly, indemnity bond is an instrument which is on the state list of the Indian Constitution, meaning, it is governed by State Statutes. The Bombay Stamp Act, which provides for Stamp Duty in the State of Maharashtra, levies (a straight/ uniform) stamp duty of Rs. 200/- on an indemnity bond executed in Maharashtra.Thus, stamp duty chargeable on an indemnity bond will notchange if it is attested by a witness, rather it has to be compulsorily attested.
How long is a bank draft valid?
there is no time frame or a bank draft, it is valid for as long as you have it.
How long is an arrest warrant valid in pennsylvania?
how long a arrest warrant valid in philippines
Are life insurance indemnity contracts?
contact of insurance is an example of indemnity contracts
When was Dumbbell Indemnity created?
Dumbbell Indemnity was created on 1998-03-01.
Where indemnity go on a trial balance?
Indemnity always goes to the credit side.
Professional Indemnity Insurance?
form_title=Professional Indemnity Insurance form_header=If your company gives advice or provides services at a professional level then you need professional indemnity insurance. Protect your company today. What is your profession?=_ How long have you been in business?=_ Does your company give out professional advice?= () Yes () No Has your company ever been a party to a lawsuit?= () Yes () No
Is life insurance a contract of indemnity?
Most insurance contracts are indemnity contracts. Indemnity contracts apply to insurances where the loss suffered can be measured in terms of money.
Indemnity in a sentence?
As a result of Bob's indemnity to the bank, he was left with only six dollars.
Subrogation and contribution as a corollaries of the principles of indemnity?
The principle of indemnity is one of the most important rules in insurance. The principle of subrogation and indemnity protects someone from multiple claims.
How long is a schedule two prescription valid?
It is valid for one month.
