INDEMNITY AGREEMENT

THIS INDEMNITY AGREEMENT, made at ___ this _____ day of ____, 2001____. by and between Mr. ___ Indian Inhabitant residing at ___ (hereinafter referred to as the FIRST PARTY, which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and assigns) of the ONE PART; AND Mr.___, Indian Inhabitant residing at ___ (hereinafter referred to as the SECOND PARTY, which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and assigns) of the OTHER PART

 

WHEREAS by an agreement dated___..(Give short history and the purpose of Indemnity)

NOW, THEREFORE, in consideration of the mutual agreements and covenants herein contained the parties hereto agree as follows:

1.

2.

 

FOR VALUE RECEIVED, the Second Party agree to indemnify and save harmless __________(Indemnities) and their successors and assigns, from any claim, action, liability, loss, damage or suit, arising from the following:

In the event of any asserted claim, the Indemnities shall provide the Second Party reasonably timely written notice of same, and thereafter the Second Party shall at its own expense defend, protect and save harmless Indemnities against said claim or any loss or liability thereunder.

 

In the further event the Second Party shall fail to so defend and/or indemnify and save harmless, then in such instance the Indemnities shall have full rights to defend, pay or settle said claim on their behalf without notice to Second Party and with full rights to recourse against the Second Party for all fees, costs, expenses and payments made or agreed to be paid to discharge said claim. Upon default, the Second Party further agree to pay all reasonable attorney's fees necessary to enforce this agreement.

 

This agreement shall be unlimited as to amount or duration.

IN WITNESS whereof the said Author and the Publisher have hereto signed the day and year first above mentioned.

SIGNED, SEALED AND DELIVERED

by Mr. ___the within named First Party

in the presence of Mr.[name]

SIGNED, SEALED AND DELIVERED

by Mr. ABC the within named Second Party

in the presence of Mr.[name]

ABSOLUTELY NO WARRANTIES ARE MADE REGARDING THE SUITABILITY OF THESE FORMS FOR ANY PARTICULAR PURPOSE. IT IS ADVISABLE THAT IMPORTANT DOCUMENTATIONS ARE PREPARED OR VETTED BY EXPERT. LEGAL ADVICE OF ANY NATURE SHOULD BE SOUGHT FROM COMPETENT, INDEPENDENT, LEGAL EXPERT IN THE RELEVANT JURISDICTION.