Indemnity Against Creditors of Seller

This Indemnity Against Creditors of Seller will effectively indemnify a seller of a business from any actions taken by creditors of the business after it is sold. This indemnity agreement sets forth the person selling the business, the type of business being sold and the buyer. It effectively holds seller harmless if a creditor brings a claim for loss or damages after the business and it is vital that this agreement be set forth in writing. A written Indemnity Against Creditors of Seller will prove invaluable in the event of miscommunication between the parties regarding this type of issue. (continued ...)