Request a Legal Document
Need Help Choosing Your Document
Looking for help? Ask our Expert
Please Choose One Of The Options Below
Indemnity is defined as a duty to make good any loss, damage, or liability incurred by another. It also includes an understanding that an injured party has a right to claim reimbursement or compensation for a loss or damage to the person who has the duty.
Indemnity can also refer to compensation for loss or damage from the actions of another party. Here the owner of the property agrees to indemnify the loss bearer due any costs arising out of the property in dispute.
This deed is mainly used in matters of land title or property title confirmations.