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Indemnity Bonds

Need a legally enforceable Indemnity Bond in Kurnool?
At Landmarq, we draft customized indemnity bonds that protect you from financial liabilities while ensuring full compliance with Andhra Pradesh stamp laws.

✅ 100% Legally Valid (As per Indian Contract Act)
✅ AP Stamp Duty Guidance
✅ Quick Processing 
✅ Dispute Prevention

To get started, simply provide the following details:

1. Parties Involved

  • Name of Indemnifier (person giving the indemnity)
  • Name of Indemnitee (person/entity receiving protection)
  • Relationship between the parties (if applicable)

2. Purpose of the Bond

  • A clear description of the situation or transaction requiring indemnity
    (e.g., loss of a document, legal transfer, government formality, etc.)

3. Indemnity Terms

  • Scope of liability and coverage
  • Duration or validity of indemnity
  • Conditions or obligations for compensation
  • Any limits on the amount or time (if applicable)

4. Declaration of Indemnifier

  • Statement accepting responsibility for losses, damages, legal consequences
  • Assurance to compensate the indemnitee as per bond terms

5. Surety / Guarantor Details (if required)

  • Full name, address, ID proof, and signature of the guarantor (if a surety is involved)

6. Witness Details

  • Full name, address, and signatures of two witnesses
  • Contact details and ID proof may be requested for notarization

Required Documents

🔹 Identity Proofs (any one)

  • Aadhaar Card
  • PAN Card
  • Voter ID
  • Passport

🔹 Stamp Paper

  • Non-judicial stamp paper of appropriate value (as per State Stamp Act)
    Commonly ₹100 or ₹200 denomination unless specified

🔹 Address Proofs

  • Utility bill (electricity, water, telephone)
  • Ration Card
  • Rent agreement or property tax receipt

🔹 Notarization

  • Bond must be signed in front of a notary public, along with witness signatures

🔹 Supporting Documents for the Purpose

(Varies depending on context — examples below)

  • FIR (in case of lost document)
  • Death certificate (for claiming assets of deceased)
  • Vehicle documents (if related to ownership transfer)
  • Legal notice, agreement, or contract copy

For inquiries or submission, contact us at:
Landmarq – Conveyancing and Legal, a trusted legal and documentation service provider in Kurnool, is here to assist you with all your agreement needs.
📧 Email: [email protected] | 📞 Phone/WhatsApp: +91 70452 82751

1. What is an Indemnity Bond?

An indemnity bond is a legal agreement in which one party promises to compensate the other for any potential loss or damage arising from a specified situation or action.

2. What is the purpose of an indemnity bond?

It is used to protect a party from financial loss or legal liability due to the actions or failure of another party. It is commonly used in government, business, legal, and financial transactions.

3. When is an indemnity bond required?

  • When replacing a lost share certificate
  • For property transfer in the absence of legal heirs
  • While withdrawing deceased person’s bank deposits
  • During execution of government contracts
  • In case of vehicle ownership transfers without original RC

4. Who are the parties involved in an indemnity bond?

  • Indemnifier: The person giving the indemnity (provides the guarantee)
  • Indemnitee: The person or organization receiving the protection

5. Is an indemnity bond legally binding?

Yes, once properly executed (signed, stamped, and notarized), an indemnity bond becomes a legally enforceable document.

6. Does an indemnity bond need to be notarized?

Yes, for most purposes, it should be signed in the presence of a notary public and witnesses to be considered valid.

7. What is the validity period of an indemnity bond?

There is no fixed validity; it remains in effect until the purpose for which it was created is fulfilled, or until it is legally revoked.

8. Is stamp duty applicable on indemnity bonds?

Yes, indemnity bonds must be executed on a non-judicial stamp paper of appropriate value, as per the state’s Stamp Act.

9. Can indemnity bonds be revoked?

Typically, they cannot be revoked unilaterally once signed. Revocation, if permitted, must follow the terms mentioned in the bond or with mutual consent.

10. Is a guarantor required for an indemnity bond?

In many cases, especially with banks or public offices, a surety or guarantor is required to co-sign the indemnity bond to strengthen its enforceability.