A PHP Error was encountered

Severity: Warning

Message: fopen(/var/lib/php/sessions/ci_session6ebcce027d7c32e3764a8f6404f6a817e7089242): failed to open stream: No space left on device

Filename: drivers/Session_files_driver.php

Line Number: 156

Backtrace:

File: /var/www/business.legatoapp.com/application/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /var/www/business.legatoapp.com/application/third_party/MX/Loader.php
Line: 192
Function: library

File: /var/www/business.legatoapp.com/application/third_party/MX/Loader.php
Line: 153
Function: libraries

File: /var/www/business.legatoapp.com/application/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /var/www/business.legatoapp.com/application/controllers/Home.php
Line: 7
Function: __construct

File: /var/www/business.legatoapp.com/index.php
Line: 315
Function: require_once

Business | Get Started

Indemnity Bond

An indemnity bond is an agreement executed agreeing to indemnify the loss that may occur in future on account of the act favoured to the executant.

An indemnity bond is an agreement executed agreeing to indemnify the loss that may occur in future on account of the act favoured to the executant. An indemnity bond is a bond intended to reimburse the holder for any claimed or actual loss caused by the conduct of issuers or another person.

When the principal fails to perform according to conditions agreed between the obligee and the principal, then the indemnity bond acts as coverage for loss of an obligee.

It is a promise by a guarantor to pay the one party, which is, of course, the obligee, a certain amount, if another party is not able to fulfil the terms and conditions of a contract. The primary role of this bond is to protect the first party against losses that occur as a result of failure to meet the obligation by the principal. An indemnity bond is considered as a three-party agreement involving the obligee, the principal and the surety.

Indemnity Bond is required in various faculties and for various reasons such as:

1. Construction Industry
2. Buying a Home
3. Buying Companies or Shares
4. Government Indemnity Schemes
5. Insurance

Why Legato?

Connect with a Legal Expert easily
Legato is your one stop destination with everything related to legal. It empowers you with access to a network of verified lawyers providing their services at all costs. Moreover, our dedicated Case Follow-Up Manager will assist and update you with the progress.

Verified lawyer network
Our network for 1000+ verified lawyers will not only assist you with your case but update you and advise you with things to do & not to do.

Quick results
Once, the legal expert is finalized, you are ready for quick action related to your work. Majority of the lawyers will share a time estimate of what to expect moving forward.

Don't know whom to connect with?

FAQs

You need to select one of the Lawyers considering your case category and profile of the Lawyers. Once you are sure with the Lawyer, you need to select call option given in the profile page of the Lawyer, in the website as well as in the mobile app. After selecting the call option,the time slot needs to be selected, and payment needs to be made for confirmation of the call consultation. At the selected time our system shall connect you and Lawyer We have half an hour time slots placed for every call consultation and after said time slot selected call shall automatically get disconnected.

Kindly make sure that you keep all information and documents about the matter handy before the time of call so that to avoid any delays.

A PHP Error was encountered

Severity: Warning

Message: session_write_close(): Failed to write session data (user). Please verify that the current setting of session.save_path is correct (/var/lib/php/sessions)

Filename: Unknown

Line Number: 0

Backtrace: