Nettet2. apr. 2024 · For example, in a real estate purchase agreement that gives the buyer the right to inspect the premises, the buyer may agree to indemnify and hold harmless the seller from damages resulting from ... NettetHOLD HARMLESS/INDEMNIFICATION Contractor agrees to protect, defend, and save State, its elected and appointed officials, agents, and employees, while acting within …
Inspections - Town of Huntington, Long Island, New York
Nettet13. apr. 2024 · Tlf: 35 57 26 25 (Tast 1 for å varsle ISPS beredskapsvakten) E-post: E-postadressen til ISPS beredskapsvakten kan blant annet benyttes for å rapportere om … NettetHOLD HARMLESS AGREEMENT: CLIENT agrees to hold any and all real estate agents involved in the purchase of the property to be inspected harmless and keep them … roark acres
Indemnification Clauses in Commercial Contracts
Indemnification, also referred to as indemnity, is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified party) for certain costs and expenses, typically stemming from third-party claims. Indemnification can also cover direct claims, which are claims or … Se mer Indemnification clauses allow a contracting party to: 1. Customize the amount of risk it is willing to undertake in each transaction and with every counterparty 2. Protect itself from damages … Se mer A typical indemnification clause consists of two separate and distinct obligations: an obligation to indemnify, and an obligation to defend. Se mer For the indemnifying party, the obligation to defend consists of both: 1. An obligation. The indemnifying party must: 1.1. Reimburse paid defense costs and expenses 1.2. Make advance payment for unpaid defense costs … Se mer NettetDue to the following conditions, a Hold Harmless Agreement is granted for this property because it was vacant at the time of inspection. Hold Harmless: In consideration for … NettetIndemnitor’s obligation to indemnify, defend and hold harmless Indemnitee shall not extend to any Claim arising from the sole negligence or willful misconduct of Indemnitee. Indemnitor is not obligated to indemnify Indemnitee against any Claim to the extent the Indemnitee has been reimbursed for such Claim under an insurance policy. roark architect