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INDEMNITY BOND

THIS INDEMNITY BOND made at this___ day of_____20__

BETWEEN
Shri _______________ Son of __________ age _______ years, occupation ____, resident of
_________ hereinafter called the INDEMNIFIER, (which express shall, unless repugnant
to the context, mean and include her heirs, executors, administrators and assigns) of
the One Part
AND
Shri _______________ Son of __________ age _______ years, occupation ____, resident of
_________ hereinafter called the INDEMNIFIED, (which express shall, unless repugnant
to the context, mean and include her heirs, executors, administrators and assigns) of
the Other Part.
WHEREAS the property bearing House No. is owned and possessed by the
indemnifier;

AND WHEREAS the indemnifier has sold, transferred and conveyed the said property
unto the indemnified by a sale-deed, dated____.;

AND WHEREAS the said sale-deed executed by and between the parties hereto has
also been registered with the office of the Joint Sub-________________________________

AND WHEREAS during the course of the said transaction and while its completion,
the indemnifier represented unto the indemnified that the former had an absolute
legal right and authority to sell, transfer and convey the said property;

AND WHEREAS the indemnified has required and called upon the indemnifier to
indemnify the indemnified if the event of any loss or damage, if occurred, unto the
indemnifier;

AND WHEREAS the indemnifier having received the full and final consideration of the
purchase-price has agreed to execute the indemnity bond being these presents;
AND WHEREAS the parties hereto have decided to reduce into writing the terms and
conditions, which they have worked out and agreed to;
NOW, THIS DEED WITNESSES as follows :
1. That the indemnifier does hereby agree and undertake to indemnify the
indemnified for any loss or damage caused in respect of the said property.
2. That on the basis of the assurance offered by the indemnifier by way of these
presents that the indemnified has agreed to purchase and acquire the said property.
3. That the indemnifier has been executing this bond only as a part and by way of the
promise given by him to indemnify the loss or damage, if caused, in respect of the
said transaction or property.
IN WITNESS WHEREOF the parties hereto have signed here under

Place
Date
Sd/-
INDEMNIFIER

Sd/-
INDEMNIFIED
Witnesses:

1. Sd/-

2. Sd/-

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