A letter of indemnity is a document that the creditor signs when he or she has received payment made to him or her. Unlike an ordinary promissory note, there is no requirement of performance which makes the document not “indemnifying” but rather “indemnity”.
A letter of indemnity is used, among other things, to settle a debt which has been left unfinished, with no performance obligation.
A letter of indemnity is a document that the creditor sign when he or she has received payment made to him or her. Unlike an ordinary promissory note, there is no requirement of performance which makes the document not indemnifying.
Basically, a letter of indemnity is a legal agreement intended to legally indemnify the creditor for his or her payment of a debt.
Letter of indemnity is a document that the creditor sign when he or she has received payment. Unlike an ordinary promissory note, there is no requirement of performance which makes the document not indemnifying. Basically, a letter of indemnity is a legal agreement intended to legally indemnify the creditor for his or her payment of a debt.
Generally, letters of indemnity are standard legal document that are used to protect a creditor against the liability that a debt may cause. When a creditor has not paid a debt, the creditor signs on to the letter and holds the creditor harmless from any legal consequences. The letter is a legal agreement between the creditor and the creditor’s bank that is legally binding against both parties.
The letter is a legal document that is supposed to protect the creditor from the liability that the debt may cause. The letter is also supposed to protect the creditor from any legal consequences that may follow from taking the personal property of the creditor away from the creditor. This is what the letter does.
Most of us have a letter of indemnity in our files to protect us from the consequences of our actions. It’s a legal document that the creditor is supposed to sign when the debt comes due in the future. In order to be legally binding on both parties, a letter of indemnity needs to be signed and must be witnessed by both parties.
It’s funny how so many people think it’s their responsibility to protect the creditor from legal consequences. A letter of indemnity is certainly not that, but it can still be a good idea. However, in most instances it could be seen as an extra precaution. It’s a legal document that shows that the creditor has the responsibility of protecting the creditor (and the creditor’s property) without having to rely on the debtor’s actions.
The last time I was in a courtroom was when I was sued for non-payment of a home mortgage. It was for a foreclosure on my own home (I’m not a fan of foreclosures, but I can’t say I’m anti-foreclosure either). The bank wanted me to sign a document saying I had no knowledge of the foreclosure and that I couldn’t be sued.
