Indemnity Bond
A legal document promising to indemnify another person against any loss or damage. This document belongs to the Contracts category.
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INDEMNITY BOND
THIS INDEMNITY BOND is made on this [date] at [place] by:
1. [indemnifierName], resident of [indemnifierAddress], hereinafter called the Indemnifier.
IN FAVOUR OF:
1. [indemnifiedName], resident of [indemnifiedAddress], hereinafter called the Indemnified.
WHEREAS the Indemnified has agreed to [action] at the request of the Indemnifier for [indemnityReason].
NOW THIS BOND WITNESSETH AS UNDER:
1. That the Indemnifier hereby promises to indemnify and keep the Indemnified harmless against any loss, damage, or claim arising from [action].
2. That the Indemnifier shall pay any amount claimed by the Indemnified for any such loss or damage.
3. That the Indemnifier shall also pay the costs of any litigation arising from [action].
4. That the Indemnifier shall be responsible for any consequences of [action].
IN WITNESS WHEREOF, the Indemnifier has signed this Bond on this [date] at [place].
INDEMNIFIER
WITNESSES:
1. [Witness 1 Name]
2. [Witness 2 Name]