This agreement outlines the responsibilities of a buyer to secure insurance for a motor vehicle being transferred from a seller. It specifies the deadline for the buyer to furnish the insurance policy and provide its details to the seller. Should the buyer fail to do so, the seller is authorized to obtain the necessary insurance, with the buyer being responsible for reimbursing the premium costs.

This Indemnity Agreement is a legal template designed to protect one party (the Indemnitee) from potential losses and liabilities arising from a specific activity or transaction. It outlines the responsibilities of the Indemnifier to hold harmless and defend the Indemnitee against claims. The agreement specifies the scope of indemnity, limitations of liability, notice procedures for claims, and insurance requirements.

The National Venture Capital Association (NVCA) Model Indemnification Agreement is a template contract that ensures a company will indemnify and advance expenses to its directors and officers—both current and former—for legal claims and liabilities incurred in connection with their service, to the fullest extent permitted by law.