Affidavit is a statement whose signer is known as “Affiant” . This is to be signed in front of notary.Indemtity agreements are prepared when a promise is made to compensate someone. An affidavit and Indemnification agreement is a signed statement in which the affiant agrees to indemnify the holder of the agreement.
An affidavit and indemnification agreement is more formal . It is most commonly used by companies to protect their shareholders and board members. These agreements state the company indemnifies and declare these individuals free from liability. Therefore, a client suing the company may not sue individual shareholders for their personal wealth.
The deed of indemnity state the name of the place where the deed executed along with date . The name of the parties to the deed with their address and age and terms and conditions of the deed to be properly defined and stated.