Indemnity Agreement

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.

What Is an Indemnity Agreement?

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.

Other Names for Indemnity Agreement

Depending on your state, an Indemnity Agreement may also be known as:

• Hold Harmless Agreement
• No-Fault Agreement
• Assignment of Indemnity
• Indemnification Agreement
• Reparation Agreement

Who Needs an Indemnity Agreement?

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.

Why Use Swyft Forms for Your Indemnity Agreement?

Customized for you, by you

Create your own documents by answering our easy-to-understand questionnaires to get exactly what you need out of your Indemnity Agreement.

Specific to Your Jurisdiction

Laws vary by location. Each document on Swyft Forms is customized for your state.

How to Create an Indemnity Agreement with Swyft Forms

Indemnity Agreements might be standard in the business world, but you can rely on Swyft Forms if you have never created one.

Let Swyft Forms help with our extensive library of attorney-vetted legal forms. The process is fast and easy. All you have to do is fill out our easy-to-understand questionnaire. Once complete, simply download your form as a PDF or Word document from your secure online account.

What Information Will I Need to Create My Indemnity Agreement?

To create your document, please provide:

• Indemnitee Details: The legal name of the person or company seeking indemnification.
• Indemnifier Details: The legal name of the person or company giving indemnification.
• The Effective Date: The date when the agreement goes into effect.
• Indemnified Actions: Describe the actions considered indemnified.
• Terms of Indemnity: Supply the terms of the indemnity that protects one party.
• Other Terms: Specify the governing law and validity terms.
• Witness: The legal name and contact information of the witness to the signatures.
• Signatures: Both parties are to sign the agreement in the presence of a witness.

Indemnity Agreement Terms

• Indemnification: Protection from legal responsibility.
• Indemnitee: A company or individual asking for protection.
• Indemnifier: A company or individual providing legal protection.
• Liability: The quality of being liable or responsible.
• Claim: In the context of an Indemnity Agreement, this refers to a legal claim or defense against it.
• Waiver: The surrender of a right.
• Assignment: A legal transfer of ownership or responsibility.
• Severability: The quality of a document, such as an agreement or a lawmakers' bill, being valid even when some parts or provisions are struck out (valid without the severed parts or requirements).

Indemnity Agreement Signing Requirements

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.

What to Do with Your Indemnity Agreement?

After generating your Indemnity Agreement on Swyft Forms, print out a copy and follow the signature requirements outlined above. Distribute a copy to all parties involved.