Indemnity Bond

This Indemnity Bond is executed on this ______ day of _____________, 20,
by [Name of Indemnifier],
S/o / D/o / W/o ____________________,
Resident of _______________________________________________________,
(hereinafter called the “Indemnifier”).

WHEREAS

1. The Indemnifier has agreed to indemnify and keep indemnified [Name of Indemnitee/Entity],
located at _______________________________________________________,
(hereinafter called the “Indemnitee”) against any loss, damage, claim, or liability that may arise due to [briefly describe the reason for indemnity].

NOW THIS DEED WITNESSETH AS FOLLOWS:

• The Indemnifier hereby agrees to indemnify and keep the Indemnitee harmless from and against all claims, demands, losses, damages, costs, charges, expenses, or liabilities which the Indemnitee may suffer or incur arising out of or in connection with [mention specific event, transaction or cause].
• The Indemnifier shall at all times indemnify and keep indemnified the Indemnitee from any legal proceedings, damages, or payments arising from the said cause.
• This Indemnity Bond shall be binding on the Indemnifier, his heirs, legal representatives, successors, and assigns.
• The Indemnifier agrees to pay the Indemnitee all costs, charges, and expenses including attorney fees that the Indemnitee may incur in enforcing this Indemnity Bond.

IN WITNESS WHEREOF, the Indemnifier has executed this Indemnity Bond on the day, month, and year first above written.

Signed and delivered by:

[Name of Indemnifier]
(Signature)

In the presence of:

Witness 1: _____________________
Name:
Address:

Witness 2: _____________________
Name:
Address: