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INDEMNIFICATION AGREEMENT FORM - Ryerson University - ryerson

INDEMNIFICATION AGREEMENT FORM - Ryerson University - ryerson 2025

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The document is an Indemnification Agreement Form for students who have not received their refund cheque within 40 business days after submitting a Refund Request Form. It requires students to provide personal and refund information, authorize the form, and return it to Enrollment Services and Student Fees for processing.

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What is the purpose of an indemnity form?

It is primarily intended to protect the person who is providing goods or services from being held legally liable for the consequences of actions taken or not taken in providing that service to the person who signs the form. Indemnity clauses vary widely.

What is an indemnity agreement form?

Indemnity Agreement: Although similar to a hold harmless agreement, an indemnity agreement is an arrangement whereby one party agrees to pay the other party for any damages regardless of who is at fault.

What is indemnity in simple words?

The word indemnity finds its roots in the Latin word indemnis, which stands for unhurt or free from loss. Hence, indemnities are also referred to as hold harmless agreements. Indemnities are contractual agreements that provide compensation for losses, damages, or liabilities sustained by another party.

What is an indemnification agreement?

Definition of an Indemnification Clause An indemnification clause is an agreement where one party, the indemnifier, agrees to cover the losses or damages of the other party, the indemnitee, under specific circumstances defined in the contract. It is also known as the indemnity clause or the hold harmless provision.

What is the purpose of the indemnity bond?

An indemnity bond assures the holder of the bond, that they will be duly compensated in case of a possible loss. This bond is an agreement that protects the lender from loss if the borrower defaults on a legally binding loan.