This undertaking of indemnification template has 3 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our undertaking of indemnification template:
UNDERTAKING OF INDEMNIFICATION This Undertaking of Indemnification Agreement (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "First Party"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the "Second Party"), an individual with his main address located at: [COMPLETE ADDRESS] For good and valuable consideration received, [YOUR COMPANY NAME] ("the Indemnifier") hereby agrees to save and hold harmless [SECOND PARTY NAME] from and indemnify him against any and all liabilities, claims, actions, suits, demands, obligations, damages, losses, indemnities or complaints of any kind whatsoever (including reasonable expenses and professional fees incident thereto) and including any interest accruing thereon, filed, deposited, claimed, raised or made (collectively, the "Claims") in relation to the Memorandum of Agreement, dated [DATE], a copy of which agreement is attached as Schedule 1 hereto and all agreements or understandings relating thereto (collectively, the "Memorandum"). The Indemnifier shall diligently defend themselves and, if [SECOND PARTY NAME] so requests, [SECOND PARTY NAME] against all Claims, all at the cost of the Indemnifier. The Indemnifier shall neither settle nor compromise nor offer to settle or compromise any Claim in their name or on their behalf, nor in his name and on his behalf, without [SECOND PARTY NAME]'s prior written consent.
