Franchisor Indemnification Clause Samples
The Franchisor Indemnification clause requires the franchisor to compensate or protect the franchisee from losses, damages, or legal claims arising from the franchisor’s actions or omissions. Typically, this clause covers situations such as intellectual property disputes, misrepresentations, or violations of law by the franchisor that result in claims against the franchisee. Its core function is to allocate risk by ensuring that the franchisee is not held financially responsible for issues caused by the franchisor, thereby providing reassurance and legal protection to the franchisee.
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Franchisor Indemnification. Franchisor will indemnify Franchisee against any losses or damages incurred by Franchisee as a result of any successful claim of trademark infringement brought by a third party that is related solely to Franchisee’s authorized use of the Marks in accordance with the terms of this Agreement.
Franchisor Indemnification. Seller agrees to execute the indemnification agreement in favor of Franchisor in the form of Exhibit “E” attached hereto (the “Franchise Indemnity Agreement”) concurrently with Purchaser’s execution of the License Agreement and cause the principals of Seller simultaneously to deliver to Franchisor the guaranty agreement in favor of Franchisor in the form of Exhibit “F” attached hereto (the “Franchise Indemnity Guaranty”). Concurrently with the execution of the Franchise Indemnity Agreement, Seller and the principals of Seller and Purchaser and MHI Hospitality Corporation shall enter into a contribution agreement in the form of Exhibit “G” attached hereto.