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An Indemnity Agreement is a contract that determines the financial responsibility of a party. The agreement will be used to determine how much someone may owe in certain situations, such as in health insurance, real estate, and other areas of finance.
Typically, the contract will detail which party is responsible for financial payments and which party is indemnified, or exempt from liability. While a contract is official, it may become ineligible due to negligent situations, fraud, or other illegal actions. In this case, the Indemnity Agreement would be void.
To fill out this contract, information about both parties is required. The terms of the agreement should also be included, such as what is covered under the contract and what finances are involved. Both parties will need to sign the contract before it is complete.
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