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OF 4 INDEMNITY BOND FROM SELLER (On Rs200/ Stamp Paper)I, Mr. S/o CNIC No, R/o, do hereby solemnly affirm and indemnify to declare/undertake as under: 1.that I, the Executing has sold Plot No. , Block,
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How to fill out indemnity bond from seller

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Step 1: Begin by writing the full legal name and address of the seller at the top of the indemnity bond form.
02
Step 2: Below the seller's information, write the full legal name and address of the buyer.
03
Step 3: Clearly state the reason for the indemnity bond, such as to protect the buyer from any legal claims or liabilities arising from the purchase of a property.
04
Step 4: Specify the terms and conditions of the indemnity bond, including any limitations or exclusions.
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Step 5: Both the seller and the buyer should sign the indemnity bond form in the presence of a witness.
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Step 6: Ensure that the witness also signs the form and provides their full name and address.
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Step 7: Make copies of the completed indemnity bond form for all parties involved.
08
Step 8: Submit the original indemnity bond form to the appropriate authority or party that requires it.
09
Step 9: Retain a copy of the indemnity bond form for your records.

Who needs indemnity bond from seller?

01
Anyone who is involved in a property transaction as a buyer and wants to protect themselves from potential legal claims or liabilities may require an indemnity bond from the seller.
02
This could include individuals, businesses, or organizations purchasing real estate or any other valuable asset.
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An indemnity bond from seller is a legal document that serves as a guarantee from the seller to protect the buyer from any potential losses or damages.
The seller is required to file the indemnity bond to provide assurance to the buyer.
To fill out an indemnity bond from seller, the seller needs to include their personal information, details of the transaction, and sign the document in front of a witness.
The purpose of an indemnity bond from seller is to offer financial security to the buyer in case of any unforeseen issues with the sale.
The indemnity bond from seller should include details such as the seller's name, contact information, the property or item being sold, the purchase price, and the terms of the agreement.
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