Illinois Liability Law

User Generated

zuvgr

Business Finance

Description

John McKnight, the real estate broker who owns the real estate brokerage, Homes4Sale, Inc., has contacted your law firm for additional services. He is concerned about potential liability that he and Homes4Sale may face as a result of actions of agents (Independent Contractors hired by him) affiliated with the brokerage.

Conduct legal research in the LEXIS/NEXIS database to determine the types of liability risks that real estate brokers could be subject to for the actions of real estate agents in their firm. Draft an indemnity agreement that Homes4Sale, Inc., could use to require its agents to execute in order to receive indemnification from them and mitigate these risks. Use the City of Plano in the State of Illinois as the place of contract.

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Explanation & Answer

Hoping you are doing great: Below is the indemnity agreement: Let me know if you need anything edited.
Attached.

Running Head: IDEMNITY AGREEMENT

1

Indemnity Agreement
Student’s Name
Professor
Course
Date

IDEMNITY AGREEMENT

2

INDEMNITY AGREEMENT
This indemnity agreement made on dd/mm/2018 as the execution date,

Between
[Enter the indemnitee’s name]
[Enter Physical Address] Illinois (Indemnitee and First Party)
And
Home4Sale Inc....


Anonymous
Just what I was looking for! Super helpful.

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