Indemnity Clause – Showstopper of Contract

Posted On & filed under Legal Articles.

  Indemnity Clause is governed under Section 124 of Indian Contract Act, which is defined as a contract by which one party promises to save the other from loss caused to him by the conduct of the promise himself, or by the conduct of any other person, is called a “contract of indemnity”. Thus the… Read more »

Format of Indemnity Bond For Job

Posted On & filed under Format of Legal Documents Drafting.

Format of Indemnity Bond For Job I _________ son/daughter/wife of _________ resident of _________, _________ and I am employed as _________ with M/s _________  and w.e.f. _________., and am posted at _________. I hereby solemnly give an undertaking that I have read and understood the Service rules & terms of Employment of the “Company”, and… Read more »

Bond Format of Indemnity

Posted On & filed under Format of Legal Documents Drafting.

INDEMNITY BOND This Deed of Indemnity made at ____ on this _______, day of _______________, by (1) __________________________________________, Occupation___________________ (2) ______________________________________,Occupation _____________________, (hereinafter context so admits or requires shall include their respective heirs, executors, administrators, representatives and assigness) of the one part; in favour of the ______(hereinafter referred to as the Board ) of the… Read more »