Indian Contract Act — Sections 124–125
Defines contracts of indemnity and the rights of the indemnified party to recover losses, costs, and damages.
Shift risk legally.Protect yourself from defined losses.
An Indemnity Bond that precisely defines the indemnification obligation, trigger conditions, maximum liability, and claim process — executed on stamp paper for full legal enforceability.
Lost DocumentsCommercial RiskCustoms BondRegulatory Indemnity
Rs 999
All-Inclusive
Stamp Paper Ready
Court Admissible
1–2 Days
Fast Delivery
What we handle for you
An Indemnity Bond that clearly defines who is protected, from what, up to what amount, and for how long.
Precise Indemnification Scope
Draft the indemnification obligation with precision — scope, trigger conditions, and limitations — leaving no ambiguity about what is covered.
Maximum Liability Cap
Define the maximum liability of the indemnifier — a commercially prudent protection for both parties.
Claim Process
Include claim notification requirements and the process for making and settling claims — so the indemnified party knows exactly how to invoke the bond.
Survival & Guarantor Provisions
Draft survival clauses specifying how long the indemnity obligation continues, and prepare surety or guarantor provisions if a third-party guarantee is required.
The 3-Step Process
From situation description to a stamped, executed Indemnity Bond — ready for submission to any institution or authority.
01
Describe the Situation
Explain the specific risk or event requiring indemnification — lost documents, commercial arrangement, or regulatory requirement.
02
Lawyer Prepares the Bond
Our lawyer drafts a precise Indemnity Bond covering the scope of indemnification, trigger conditions, and claim process.
03
Execute on Stamp Paper
The bond is executed on appropriate stamp paper and signed by the indemnifier — and witnessed as required.
Legal Framework
Indemnity bonds in India are governed by specific contract law provisions — creating a primary, independent obligation to compensate for defined losses.
Specific Relief Act, 1963
Allows enforcement of indemnity obligations through a court where the indemnifier refuses to honour their commitment.
Indian Stamp Act / State Stamp Acts
Indemnity bonds must be executed on stamp paper of prescribed value to be admissible in court.
Customs Act, 1962
Specific indemnity bonds required for import under various customs notifications and exemptions.
Client Success Stories
“I lost my original share certificate and needed an indemnity bond for the company to issue a duplicate. LegalKonnect drafted it in a day and it was accepted by the company secretary on first submission.”
AN
Ashwin Nair
Kochi“We needed a customs indemnity bond for an import consignment. The lawyer knew exactly the format required and drafted it correctly — saving us significant delay at the port.”
SR
Sunita Rao
HyderabadFrequently Asked Questions
Stamp Duty Not Included
Government stamp duty charges apply to registered documents and vary by state. These are paid directly to the government and are not part of our service fee. Your advocate will confirm the applicable amount for your state before any document is executed.
No. In an indemnity, the indemnifier is directly liable for the defined loss — they need not wait for the principal debtor to default. In a guarantee, the guarantor's liability is secondary — it arises only when the principal debtor defaults. Indemnity is a primary, independent obligation.
Indemnity bonds do not generally require registration. However, they must be executed on stamp paper of appropriate value as per the applicable state Stamp Act to be admissible as evidence.
The duration of the indemnity is specified in the bond itself — it may be for a fixed period, until a specific event occurs, or until a claim is finally resolved. Without a defined duration, the limitation period under the Limitation Act applies.
Yes. Indemnity bonds can cap the maximum liability — and doing so is often commercially prudent. The cap should be set at a level that genuinely covers the anticipated risk while being acceptable to both parties.