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Form #1071Indemnification Provision for Waiver
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Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
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or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
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form, and you agree to abide by these terms. It is highly recommended that you have
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Your use of this site constitutes your acceptance of our terms of use and your
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site harmless for any damage you might incur from your use of any submissions contained
on this site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
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acceptable in one state may not be enforced the same way under the laws of another
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Indemnification
provision for waiver.
Indemnification by Seller.
Subject to the terms and conditions of this Article
_________, Seller agrees to indemnify, defend and hold harmless Purchaser from
and against any demand, claim, action or cause of action, liability, damage and
loss, including without limitation, interest, penalty and attorney's fees and
expenses, asserted against, relating to, imposed upon or incurred by Purchaser
by reason of or resulting from (a) a breach of any representation or warranty of
Seller contained in this Agreement or in any document delivered pursuant to it,
or (b) a breach of any covenant or agreement of Seller contained in this
Agreement or any such document, other than a representation or warranty, or (c)
the assertion against Purchaser of any liability or obligation of Seller not
expressly assumed by Purchaser.
Indemnification by Purchaser.
Subject to the terms and conditions of this Article
_________, Purchaser agrees to indemnify, defend and hold harmless Seller from
and against any demand, claim, action or cause of action, liability, damage and
loss including without limitation, interest, penalty and attorney's fees and
expenses, asserted against, relating to, imposed upon or incurred by Seller by
reason of or resulting from (a) a breach of any representation or warranty of
Purchaser contained in this Agreement or in any document delivered pursuant to
it, or (b) a breach of any covenant or agreement of Purchaser contained in this
Agreement or any such document, other than a representation or warranty, or (c)
the failure of Purchaser to pay, discharge or perform any liability or
obligation expressly assumed by Purchaser.
Conditions of General Indemnification.
The liabilities and obligations of the parties with
respect to the general indemnifications shall be subject to the following:
(a). Prompt Notice of Claims. The party seeking
indemnification (the "Indemnitee") will give the other party (the
"Indemnitor") notice of any claim by a third party which could give
rise to a request for indemnification under Section _________ or _________ with
reasonable promptness after the Indemnitee receives notice of such claim, in
which event the Indemnitor will undertake the defense of the claim by
representatives of its own choosing.
(b). Right To Undertake Defense. In the event the
Indemnitor, within a reasonable time after notice of any such claim, fails to
defend the claim, the Indemnitee will (upon further notice to the Indemnitor)
have the right to undertake the defense, compromise or settlement of such claim
on behalf of and for the account and risk of the Indemnitor, subject to the
right of the Indemnitor to assume the defense of such claim at any time prior
to settlement, compromise or final determination.
(c). Indemnitor's Right To Defend Certain Claims. In
the event the Indemnitee is defending a claim because it has not given notice
under Section _________ (a) or because the Indemnitor has not undertaken the
defense of the claim under Section _________ (b) and there is a reasonable
probability that any such claim may materially and adversely affect the
Indemnitor other than as a result of money damages or other money payments, the
Indemnitor will have the right, at its own cost and expense, to defend,
compromise or settle such claim but the Indemnitor shall not, without the
Indemnitee's written consent, settle or compromise any such claim or consent to
entry of any judgment which does not include as an unconditional term
claimant's release of the Indemnitee from all liability with respect to such
claim.
(d).
Indemnitee's Right To Defend Certain Claims. In the event the Indemnitor is
defending a claim because it has undertaken the defense of the claim under
Section _________ (a) and there is a reasonable probability that any such claim
may materially and adversely affect the Indemnitee other than as a result of
money damages or other money payments, the Indemnitee will have the right, at
its own cost and expense, to defend, compromise or settle such claim but the
Indemnitee shall not, without the Indemnitor's written consent, settle or
compromise any
such claim
or consent to entry of any judgment which does not include as an unconditional
term claimant's release of the Indemnitor from all liability with respect to
such claim.
Our Spam Policy
We hate getting spam as much as you do. So we have implemented a tough spam policy
regading how we deal with your email. We pledge that we will:
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party without your explicit consent
Terms Of Use
Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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