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INDEMNITY BOND
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Who needs what is an indemnity?
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What is an indemnity?
An indemnity is a legal obligation of one party to compensate another for a loss or damage that has occurred.
Who is required to file an indemnity?
Typically, a party that seeks indemnification for a loss or damage incurred may be required to file for indemnity, often outlined in a contract.
How to fill out an indemnity?
To fill out an indemnity, you must provide necessary details such as the parties involved, the specific losses to be indemnified, and any relevant contracts or agreements.
What is the purpose of an indemnity?
The purpose of an indemnity is to protect one party from financial loss or liability due to the actions of another party.
What information must be reported on an indemnity?
An indemnity must report details like the names of the parties, description of the loss, dates, and any supporting evidence or documentation.
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