ACKNOWLEDGEMENTS, AND INDEMNIFICATION Clause Samples
The "Acknowledgements, and Indemnification" clause serves to confirm that parties recognize and accept certain facts, risks, or responsibilities, and to require one party to compensate the other for specific losses or liabilities. In practice, this clause may state that a party acknowledges the inherent risks of an activity or the accuracy of provided information, and agrees to indemnify the other party against claims, damages, or expenses arising from breaches, negligence, or third-party actions. Its core function is to allocate risk and financial responsibility, ensuring that one party is protected from certain legal or financial consequences resulting from the other party's actions or omissions.
ACKNOWLEDGEMENTS, AND INDEMNIFICATION. You represent and acknowledge that:
ACKNOWLEDGEMENTS, AND INDEMNIFICATION. RESIDENT HEREBY ACKNOWLEDGES THAT RESIDENT HAS READ THIS LEASE, THE RENTAL APPLICATION, AND THE RULES AND REGULATIONS GOVERNING THE COMMUNITY. RESIDENT UNDERSTANDS THAT THE RULES AND REGULATIONS MAY BE AMENDED FROM TIME TO TIME. RESIDENT AFFIRMS THAT RESIDENT WILL, IN ALL RESPECTS, COMPLY WITH THE TERMS AND CONDITIONS OF THIS LEASE. RESIDENT ACKNOWLEDGES THAT THIS LEASE IS A LEGAL DOCUMENT AND IS INTENDED TO BE ENFORCEABLE AGAINST RESIDENT AND ANY GUARANTOR IN ACCORDANCE WITH ITS TERMS AND CONDITIONS, AND THAT RESIDENT SHOULD SEEK COMPETENT LEGAL ADVICE IF ANY PORTION OF THIS LEASE OR ANY RELATED DOCUMENT IS NOT CLEAR OR OTHERWISE UNDERSTOOD BY RESIDENT. NOTE: THE Resident further acknowledges that he or she has received, read, understands and agrees to the terms and conditions contained in the following Exhibits to this Lease, which are all incorporated by reference in their entirety into this Lease: A Resident Handbook - Rules and Regulations X B Insurance and Indemnification Addendum X C Mold and Mildew Prevention Addendum X D Concession Acknowledgement If applicable, refer to Concession Acknowledgement Addendum E Fee Schedule Addendum X F Bed Bug Addendum X G Pest Control Addendum X H Parking Addendum If applicable, refer to Parking Addendum I Furniture Addendum X J Financial Aid Addendum If applicable, refer to Financial Aid Addendum K Prepaid Rent Addendum If applicable, refer to Prepaid Rent Addendum L Animal Addendum If applicable, refer to Animal Addendum M Shuttle Waiver and Release of Liability Addendum NA R Construction Completion Contingency Addendum NA