Deed Of Indemnity
Deed of Indemnity
This Deed of Indemnity ("Deed") is executed on this day by [YOUR NAME] of [YOUR COMPANY ADDRESS] hereinafter referred to as the "Indemnifier," in favor of [YOUR COMPANY NAME] "Indemnitee".
I. Background
WHEREAS, the Indemnifier wishes to indemnify and hold harmless the Indemnitee from and against any losses, damages, or liabilities arising from certain specified events.
II. Agreements
A. Indemnification
The Indemnifier hereby agrees to indemnify the Indemnitee against:
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Any claims, demands, and actions brought against the Indemnitee in connection with the operations of the Indemnifier’s business activities.
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Any legal or judicial actions that result directly from the Indemnifier’s business operations.
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All related legal fees, damages, and other expenses that the Indemnitee incurs in defending such claims.
B. Obligations of the Indemnitee
The Indemnitee shall:
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Notify the Indemnifier promptly in writing of any claim or litigation to which this indemnity applies.
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Give the Indemnifier full control and authority over the defense of such claims, subject to the right to participate with counsel of the Indemnitee’s selection at the Indemnitee's own expense.
III. Term
This Deed shall commence on the date first above written and shall continue in effect unless terminated by either party with thirty (30) days written notice to the other party.
IV. General Provisions
A. Amendments
This Deed may only be amended or modified by a written agreement authorized by both parties.
B. Governing Law
This Deed shall be governed by and construed following the laws of the jurisdiction in which the Indemnitee operates.
C. Entire Agreement
This Deed constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements, whether written or oral, relating to the same subject matter.
D. Severability
If any part of this Deed is declared invalid or unenforceable, the remainder of this Deed will continue in full force and effect.
E. Counterparts
This Deed may be executed in several counterparts, each of which shall be deemed an original, and said counterparts shall constitute but the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Deed of Indemnity as of the date first above written.
Indemnifier:
[YOUR NAME]
[YOUR TITLE]
Indemnitee:
[YOUR COMPANY NAME]
This deed was acknowledged before me on this date by [YOUR NAME], Indemnifier, and [YOUR COMPANY NAME], Indemnitee.
[NOTARY PUBLIC]
