An indemnity agreement entered between two parties requires one party to protect another party against anticipated losses, claims, or lawsuits that may occur in the future. As an example, Party A would like hire Party B to construct a playground, but Party B is reluctant due to the possibility of suffering future liability because of such an enterprise. In this situation, Party A may select to indemnify Party B against any future claims and lawsuits that may originate due to Party B's performance in the agreement.

This Indemnity Agreements is designed to protect Party B and helps Party A to have Party B participate in the contract. This document will record this understanding between the parties and will also lay out the various basic terms of the indemnification (e.g. indemnification procedures, notice, etc.)

These are some of the following important provisions of the Indemnity Agreement for India:

• Indemnification: Identifies the certain action that is being indemnified from any future claims and lawsuits;
• Procedures for Indemnification: Enumerates the indemnification procedures;
  
• Severability: If any part of the agreement is determined to be unenforceable, the remaining provisions will stay enforceable to the extent allowed;
• Binding Effect: All parties involved  in the agreement will be bound to the terms of the agreement.

Protect Yourself, Your Rights and Your Property with our up-to-date forms.

This lawyer prepared packet includes:

1. Instructions and Checklist for the Indemnity Agreement;
2. Information about the Indemnity Agreement; and
3. The Indemnity Agreement for India.

Law Compliance: This form complies with the laws of the states and territories of India.