Free Online Legal Forms from All Law - General Law Practice Document - Indemnity Agreement
FOR GOOD AND VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, the undersigned jointly and severally agree to indemnify and hold harmless __________________________ (Indemnities) and their successors and assigns, from any claim, action, liability, loss, damage or suit, arising from the following:
In the event of any asserted claim, the Indemnities shall provide the undersigned reasonably timely written notice of same, and thereafter the undersigned shall at its own expense defend, protect and hold harmless Indemnities against said claim or any loss or liability arising thereunder.
In the further event the undersigned shall fail to so defend and/or indemnify and save harmless, then in such instance the Indemnities shall have full rights to defend, pay or settle said claim on their behalf without notice to undersigned and with full rights to recourse against the undersigned or all fees, costs, expenses and payments made or agreed to be paid to discharge said claim.
Upon default, the undersigned further agree to pay all reasonable attorney's fees necessary to enforce this agreement.
This agreement shall be unlimited as to amount or duration.
This agreement shall be binding upon and inure to the benefit of the parties, their successors, assigns and personal representatives.
Signed this _____ day of __________, 20__.
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