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Canadian Legal Forms > Contracts > Indemnity & Release > General Indemnity Agreement

General Indemnity Agreement

General Indemnity AgreementAn indemnity agreement is an agreement whereby one party agrees to protect another party against certain future losses or claims. For example, suppose Party X would like to enter into a contract with Party Y to build a playground, but Party Y is hesitant because of the potential future liability of such an endeavor. In this case, Party X may chose to indemnify Party Y against any future claims that may arise due to Party X’s participation in the contract. Party X is protected and Party Y gets the participation of Party X.

See form: General Indemnity Agreement

Note: Some forms not suitable for use in the province of Quebec. Check form details.



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