Whether it's a place of employment or lending a car to somebody, you can use an Indemnity Agreement to protect yourself or your company from being liable for things outside of your control.
Also known as the Hold Harmless Agreement, the Indemnity Agreement is used to indemnity against the indemnifier's actions. For one, an employer may require all employees to sign an Indemnity Agreement to disavow any liabilities from the employees' activities.
However, it is essential to note that one party cannot use the Indemnity Agreement to cover up negligence on behalf of the indemnitee. If an employer is to supply faulty equipment, an Indemnity Agreement will not hold up as it would likely be adjudicated invalid.
Depending on your state, an Indemnity Agreement may also be known as:
Companies hiring independent contractors are known to make heavy use of Indemnity Agreements. In your personal life, if you are to lend your property to someone else, executing an Indemnity Agreement ensures that the other person alone is liable if your property is used or operated in such a way as to cause harm to others.
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All you have to do is fill out a simple questionnaire, print, and sign. No printer? No worries. You and other parties can even sign online.
Indemnity Agreements might be standard in the business world, but you can rely on 360 Legal Forms if you have never created one.
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The indemnitee and indemnifier sign the Indemnity Agreement in the presence of a witness whose name and signatures are noted. Notarization is not required, though you may want to confirm with your state or county.
After generating your Indemnity Agreement on 360 Legal Forms, print out a copy and follow the signature requirements outlined above. Distribute a copy to all parties involved.
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