INDEMNITY AGREEMENT
This is an Indemnity Agreement (the “Agreement”) is made and effective [DATE],
BETWEEN: [YOUR COMPANY NAME] (the "Indemnitor"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:
[YOUR COMPLETE ADDRESS]
AND: [INDEMNITEE NAME] (the "Indemnitee"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:
[COMPLETE ADDRESS]
In consideration of the sum of [AMOUNT], and other good and valuable consideration, receipt of which is acknowledged, on behalf of themselves, their heirs, assigns and successors, jointly and severally enter into this Indemnity Agreement to hold each other harmless form any suit, liability, claim, action or loss arising out of the below described incident, the parties agree as follows:
Indemnitor undertakes to indemnify Indemnitee from any and all liability, loss, or damage Indemnitee may suffer as a result of claims, demands, costs, or judgments against Indemnitee arising from [specify facts resulting in need for indemnity].
Indemnity under this agreement shall commence on [DATE] and shall continue in full force until [(date) or indicate terminating event or condition].
Indemnitee agrees to notify Indemnitor in writing, within [NUMBER] days, by registered or certified mail, at Indemnitor’s address as stated in this agreement, of any claim made against Indemnitee on the obligations indemnified against.
IN WITNESS WHEREOF, each party to this agreement has caused it to be executed at [place of execution] on the date indicated below.
INDEMNITOR Indemnitee
Authorized Signature Authorized Signature
Print Name and Title Print Name and Title