An indemnity is a security against loss. This Indemnity
The execution provisions of this template are compliant and consistent with the requirements of the Land Registry for prescribed form deeds introduced from 20th September 2019.
The indemnifying party may or may not be responsible for the loss suffered by the indemnified party.
An indemnity is distinguished from a guarantee granted by one party in regard to the potential debts of another. In a Guarantee
An Indemnity is therefore particularly useful in situations such as:
- when a bank is to provide a loan to a company, it may require one or more companies in the same group to indemnify the bank against any loss;
- when companies intend to enter into a
If you require a guarantee as well as an indemnity, there are several types available for download via the links below.
This Indemnity Agreement is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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