Bond Indemnity Form Template for India

1. Multiple Indemnifiers Clause: Required when there are multiple parties providing the indemnity, specifying joint and several liability

2. Security Provisions: Include when additional security or collateral is being provided to support the indemnity

3. Insurance Requirements: Needed when specific insurance coverage is required to be maintained

4. Step-in Rights: Include when the indemnified party needs rights to take over certain operations or actions

5. Dispute Resolution: Alternative dispute resolution mechanisms if preferred over direct court jurisdiction

6. Force Majeure: Include when certain circumstances should exempt the indemnifier from liability

7. Assignment Clause: Required when transfer of rights under the bond needs to be addressed

1. Schedule A - Details of Underlying Transaction: Detailed description of the transaction or circumstance giving rise to the indemnity

2. Schedule B - Specific Indemnified Events: Comprehensive list of events or circumstances covered by the indemnity

3. Schedule C - Supporting Documents: List of relevant documents referenced in the bond

4. Schedule D - Security Details: If applicable, details of any security or collateral provided

5. Appendix 1 - Notice Details: Contact information and addresses for serving notices

6. Appendix 2 - Form of Claim Notice: Template for making claims under the indemnity