indemnity agreement
This is a discussion on indemnity agreement within the Business Contracts & Partnerships forum, part of the BUSINESS & FINANCE LAW category; I signed a bonding indemnity agreement for my brothers business 2.5 years ago and now they are having trouble and ...
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Jul 27th, 2007, 11:53 AM
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#1 |
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Junior Member
Join Date: Jul 2007
Posts: 1
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indemnity agreement
I signed a bonding indemnity agreement for my brothers business 2.5 years ago and now they are having trouble and a tax warrant has been issued towards their bond. Since I signed it the bonding agent tells me I am still liable even though I have not renewed my signature since the first year. Is this legal?
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Jul 28th, 2007, 11:39 AM
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#2 |
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Guest
Posts: n/a
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Re: indemnity agreement
Check the terms carefully; if it was a one year agreement and did not renew, you are not liable.
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