Indemnity Agreement FOR VALUE RECEIVED, the undersigned jointly and severally agree to indemnify and save harmless __________________________ ("Indemnitees") and their successors and assigns, from any claim, action, liability, loss, damage or suit, arising from the following:
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In the event of any asserted claim, the Indemnitees shall provide the undersigned reasonably timely written notice of same, and thereafter the undersigned shall at its own expense defend, protect and save harmless Indemnitees against said claim or any loss or liability thereunder.
In the further event the undersigned shall fail to so defend and/or indemnify and save harmless, then in such instance the Indemnitees shall have full rights to defend, pay or settle said claim on their behalf without notice to the undersigned and with full rights to recourse against the undersigned for all fees, costs, expenses and payments made or agreed to be paid to discharge said claim.
Upon default, the undersigned further agree to pay all reasonable attorney's fees necessary to enforce this agreement.
This agreement shall be unlimited as to amount or duration.
This agreement shall be binding upon and inure to the benefit of the parties, their successors, assigns and personal representatives.
Signed this _____ day of__________. 20____.
Witnessed:
______________________________ ______________________________
Witness First Party
______________________________ ______________________________
Witness Second Party This document and accompanying materials are designed to provide authoritative information in regard to the subject matter covered in it. It is for illustration purposes only and presented with the understanding that the author and publisher are not engaged in rendering legal, accounting or other professional opinions. If legal advice or other expert assistance is required, the services of a competent professional should be sought. |
