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DRAFT Exhibit 13 INDEMNIFICATION AGREEMENT (“Agreement) made and entered into as of this day of January 2007, between the Illinois State Board of Investment (the ISBN “), and (“Indemnity “),
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How to fill out exhibit 13 indemnification agreement

How to fill out exhibit 13 indemnification agreement:
01
Read the entire exhibit 13 indemnification agreement document carefully to understand the terms and obligations involved. It is essential to have a clear understanding of what is required before proceeding to fill out the agreement.
02
Begin by entering the date at the top of the document. This ensures that all parties involved are aware of the date when the agreement is being executed.
03
Identify the parties involved by entering their full legal names, physical addresses, and contact information. This includes both the indemnitor (the party offering indemnification) and the indemnitee (the party being indemnified).
04
Specify the scope and purpose of the agreement accurately. This involves detailing the specific activities or scenarios where the indemnification applies. Be sure to be precise and comprehensive in this section to avoid any misunderstandings or disputes in the future.
05
Clearly outline the indemnification obligations by stating the terms and conditions under which the indemnitee will be protected against any losses, damages, liabilities, or expenses. It is crucial to specify the extent of indemnification and any limitations or exclusions, if applicable.
06
Consider including provisions regarding the process for asserting a claim for indemnification. This may involve setting deadlines for notice, documentation requirements, and any other necessary steps to initiate the indemnification process.
07
Provide any additional terms or provisions that are relevant to the specific agreement or the parties involved. This may include any contractual terms, choice of law provisions, or dispute resolution mechanisms.
08
Once the agreement has been filled out accurately, it is essential for both parties to review and understand the terms before signing it. Seek legal advice or consult with relevant professionals if necessary to ensure the agreement meets all legal requirements and adequately protects the parties involved.
Who needs exhibit 13 indemnification agreement?
01
Businesses engaging in high-risk activities or industries: Industries such as construction, manufacturing, and finance often require exhibit 13 indemnification agreements to protect parties involved in case of potential losses or liabilities.
02
Contractors, subcontractors, and service providers: Those entering into agreements where they will be providing services or products to another party may need exhibit 13 indemnification agreements to outline the specific terms and conditions for indemnification.
03
Professionals providing advice or consultancy: Consultants, advisors, and professionals offering services or advice may require exhibit 13 indemnification agreements to protect themselves from potential claims arising from their recommendations or actions.
Please note that this content is for informational purposes only and should not be considered legal advice. It is important to consult with a qualified attorney or legal professional when filling out legal documents to ensure compliance with applicable laws and regulations.
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