Thread Started by #swatiiagnihotri

Hello , Can any one provide me a form of INDEMNITY BOND; wherein the employee indemnifies Our company from any action that his previous company may take with respect to his joining your company.
24th July 2009 From India, Jaipur
Dear Swati,

Pls find format of indemnity form. Take it as a reference and make your own indemnity bond suiting your requirements. (It is a legal doc. better take help from lawyer.)

Sample Format

Indemnity Bond

This Indemnity is made and executed at________ on this ________ day of ________ 20__by Shri______________________________S/oShri__________________________ a permanent resident of__________________________ hereinafter called “Employee”,

AND

IN FAVOUR OF (Company Name & address) _________________________hereinafter called “Employer”.

The terms ‘Employee’ and the ‘Employer’ unless repugnant to the context shall mean and include their heirs, legal representatives, successors, executors and administrators.

The employee hereby irrevocably agrees to indemnify the employer that in the event of any action taken by employee previous company with respect to his joining current employer. (Put all terms and conditions here)

The premium for which this bond is written is Rs. ______________.

This bond shall be deemed continuous in form and shall remain in full force and effect unless _____________________(put time duration of bond or put it till employee stay in your org.)

IN WITNESS whereof, the EMPLOYEE have put their signatures in the presence of the witnesses. The Employee having read and understood the contents terms of this Agreement.____________________ (Name, sign, date & address of employee)

1. WITNESS: NAME & ADDRESS:

2. WITNESS: NAME & ADDRESS
24th July 2009 From India, Hyderabad
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