An Indemnification Agreement is a legal contract between two parties that holds one party responsible for the damage or loss suffered by the other party and specifies compensation that will be available for the negative occurrences.
Alternate Name:
A general Indemnity Agreement is commonly used in the following circumstances:
If you are looking for a fillable Indemnity Agreement template, you can download it below or compose a more personalized document with the help of our online form builder.
An Indemnity Agreement allows the injured party (indemnitee) to claim compensation or reimbursement for the losses they suffered from the party that is liable to make up for these damages (the indemnifier). Once you agree to indemnify someone in writing, you confirm that you are ready to take responsibility for the losses and injuries listed in the agreement. This contract only extends to the person or entity that signed the agreement, their representatives who act on their behalf, and people under their control - subordinates and employees.
Sometimes, this document is confused with a similar form - a Hold Harmless Agreement. These names and concepts are often used interchangeably, and the contract is even called a Hold Harmless and Indemnity Agreement. However, the former document has a broader coverage - it also protects the non-breaching party from liabilities. It is recommended to draft both documents to cover all possible incidents.
Follow these steps to draft an Indemnification Agreement Form:
Looking for something else? Check out these related files:
Pressing the PRINT button will only print the current page. Download the document to your desktop, tablet or smartphone to be able to print it out in full.