Indemnity Agreement Template

INDEMNITY AGREEMENT This Indemnity Agreement ("Agreement") is executed on [DATE] at [CITY] by and between: [INDEMNIFIER_NAME], residing at [INDEMNIFIER_ADDRESS] (hereinafter called the "Indemnifier"), AND [INDEMNITEE_NAME], residing at [INDEMNITEE_ADDRESS] (hereinafter called the "Indemnitee"). WHEREAS the Indemnitee has [REASON: entered into a transaction/extended credit/taken a risk] in reliance on the representations of the Indemnifier; AND WHEREAS the Indemnifier is desirous of protecting the Indemnitee against any loss, damage, claim, or liability that may arise. NOW, THEREFORE, the Indemnifier hereby agrees as follows: 1. INDEMNITY. The Indemnifier hereby indemnifies and keeps indemnified the Indemnitee against any and all claims, demands, losses, damages, costs, charges, and expenses (including legal fees) that may be incurred or suffered by the Indemnitee on account of: [SPECIFIC_EVENTS/CIRCUMSTANCES_COVERED] 2. REPRESENTATIONS AND WARRANTIES. The Indemnifier represents and warrants that: - The Indemnifier has full authority to execute this agreement - The information provided is true and accurate - There are no pending or threatened legal actions against the Indemnifier - All representations made to the Indemnitee are accurate 3. CLAIMS AND NOTICE. The Indemnitee shall promptly notify the Indemnifier of any claim or loss that may be covered under this indemnity. Failure to provide timely notice shall not absolve the Indemnifier of liability unless materially prejudiced. 4. DEFENSE. The Indemnifier shall, at their own cost, defend any claim brought against the Indemnitee and shall pay all legal costs and expenses incurred in such defense. 5. LIMITATION. The Indemnifier's liability shall not exceed [MAXIMUM_LIABILITY_AMOUNT]. 6. DURATION. This indemnity shall remain in force for [DURATION_PERIOD] from the date of execution. 7. GOVERNING LAW. This agreement shall be governed by the laws of [STATE/JURISDICTION]. [INDEMNIFIER_NAME] Signature: ______________________ [INDEMNITEE_NAME] Signature: ______________________ WITNESSES: 1. Name: _________________ Signature: _________________ 2. Name: _________________ Signature: _________________