Indemnity Against Creditors of Seller

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This Indemnity Against Creditors of Seller will indemnify a seller against actions brought by creditors once a business is sold. It is vital that this type of agreement be clearly set forth in writing.

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This Indemnity Against Creditors of Seller will effectively indemnify a seller of a business from any actions taken by creditors of the business after it is sold. This indemnity agreement sets forth the person selling the business, the type of business being sold and the buyer. It effectively holds seller harmless if a creditor brings a claim for loss or damages after the business and it is vital that this agreement be set forth in writing. A written Indemnity Against Creditors of Seller will prove invaluable in the event of miscommunication between the parties regarding this type of issue.

This Indemnity Against Creditors of Seller sets forth the following:
  • Parties: The names of the person selling the business and the purchaser;
  • Business Information: Brief description of the business and the type and date of the sales agreement under which the business is sold;
  • Signatures: The purchaser of the business must sign and date this indemnity in front of a witness.

Protect yourself, your rights and your business by using our attorney-prepared up-to-date forms.

This attorney-prepared packet contains:
  1. General Instructions
  2. Indemnity Against Creditors of Seller
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Indemnity Against Creditors of Seller

 

 

 
TO:   Full Name of Person Selling Business
 
 
Reference is made to the Describe Agreement by which Business is being sold (ie. Asset Purchase Agreement) dated Date of Agreement (the "Purchase Agreement") pursuant to which Full Name of Person Selling Business (the "Seller") agreed to sell to Full Name of Person Buying the Business (the "Buyer") all of the property, assets and undertaking of the Describe Business being Sold (ie. Software Consulting) business (the "Business") carrying on business under the name Name of Business Being Sold (the "Business").
 
 
In consideration of the completion of the Purchase Agreement by the Seller, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Buyer hereby indemnifies and saves harmless the Seller from and against any actions, suits, claims, losses, damages, costs and liabilities whatever, which the Seller may suffer or incur by reason of any indebtedness, obligation or liability of the Business to any creditor of the Business.
 
This indemnity shall enure to the benefit of and be binding upon the respective heirs, executors, administrators, successors and assigns of the Seller and the Buyer.
 
 
DATED: Date of Signing of Indemnity
 
 
 
 
 
 
Witness
 
Full Name of Buyer
 
Number of Pages3
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28835
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Indemnity Against Creditors of Seller

 

 

 
TO:   Full Name of Person Selling Business
 
 
Reference is made to the Describe Agreement by which Business is being sold (ie. Asset Purchase Agreement) dated Date of Agreement (the "Purchase Agreement") pursuant to which Full Name of Person Selling Business (the "Seller") agreed to sell to Full Name of Person Buying the Business (the "Buyer") all of the property, assets and undertaking of the Describe Business being Sold (ie. Software Consulting) business (the "Business") carrying on business under the name Name of Business Being Sold (the "Business").
 
 
In consideration of the completion of the Purchase Agreement by the Seller, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Buyer hereby indemnifies and saves harmless the Seller from and against any actions, suits, claims, losses, damages, costs and liabilities whatever, which the Seller may suffer or incur by reason of any indebtedness, obligation or liability of the Business to any creditor of the Business.
 
This indemnity shall enure to the benefit of and be binding upon the respective heirs, executors, administrators, successors and assigns of the Seller and the Buyer.
 
 
DATED: Date of Signing of Indemnity
 
 
 
 
 
 
Witness
 
Full Name of Buyer
 
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