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To Be Typed On Non-Judicial Stamp Paper of Rs. 100 00 and Attested by Notary Public

This document is an indemnity bond between a company seeking an Indian Standards Mark license from the Bureau of Indian Standards (BIS) and BIS. The company agrees to indemnify BIS against any legal claims regarding non-conformity of the company's products that bear the Indian Standards Mark. The company takes sole responsibility for ensuring its products meet the relevant Indian standard. If a product is found to be non-compliant, BIS may suspend or cancel the company's license. The indemnity bond protects BIS from liability if a third party sues over a non-compliant product marked as meeting the Indian standard.

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Gopal Gupta
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670 views1 page

To Be Typed On Non-Judicial Stamp Paper of Rs. 100 00 and Attested by Notary Public

This document is an indemnity bond between a company seeking an Indian Standards Mark license from the Bureau of Indian Standards (BIS) and BIS. The company agrees to indemnify BIS against any legal claims regarding non-conformity of the company's products that bear the Indian Standards Mark. The company takes sole responsibility for ensuring its products meet the relevant Indian standard. If a product is found to be non-compliant, BIS may suspend or cancel the company's license. The indemnity bond protects BIS from liability if a third party sues over a non-compliant product marked as meeting the Indian standard.

Uploaded by

Gopal Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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INDEMNITY BOND

(To be typed on non-judicial Stamp Paper of Rs. 100=00 and attested by Notary Public)

This Indemnity Bond is executed on this _____ day of ____________, 20____ at New
Delhi by M/s __________________________________, a company / firm having its registered /
corporate office at ___________________________________________ and a Liaison / Branch
Office at ______________________________________________________________ (India) /
or legally appointed Agent in India, namely Mr./Ms. _____________________, having his/her/its
office at ____________________________________________________, represented through
Mr./Ms. _____________________________, son/wife/daughter of Mr. ___________________,
its duly authorized representative (hereinafter referred to as ‘the Licensee’), in favour of Bureau
of Indian Standards, having its headquarters at Manak Bhavan, 9 Bahadur Shah Zafar Marg,
New Delhi - 110 002 (hereinafter referred to as ‘BIS’ or ‘the Bureau’) :

WHEREAS the licensee who is engaged in the business of manufacture of


________________________________ (name the product for which licence is being obtained)
outside India, has approached the Bureau for grant of BIS Certification Mark licence for use of
the Indian Standard Mark on the aforesaid product, as conforming to Indian Standard
_______________:________;

AND WHEREAS as per the product certification scheme of BIS under which the licence
is granted to the Licensee, the Bureau on being satisfied that the product manufactured by the
licensee conforms to the particular Indian Standard, merely gives a licence to the licensee to
use the Indian Standard Mark on such product as conforming to the Indian Standard;

AND WHEREAS the responsibility of conformance to the relevant Indian Standard with
respect to the product in respect of which the licence is granted is the sole responsibility of the
Licensee, and in case of non-conformance, the licence is liable to be deferred or cancelled by
the Bureau;

AND WHEREAS the Licensee has entered into an Agreement with the Bureau in
connection with the grant of the licence, wherein it is stipulated that the Licensee shall execute
the present Indemnity Bond to hold the Bureau indemnified and harmless against any third party
claims in respect of non-conformity of the product manufactured by the Licensee on which the
Indian Standard Mark is used by the Licensee;

NOW THEREFORE this Deed witnesses and it is agreed to and undertaken by the
Licensee to safeguard the interests of the Bureau and to keep them harmless against any claim
or demand made or proceedings initiated by any one against the Bureau in respect of non-
conformity of the product manufactured by the Licensee on which the Indian Standard Mark is
used by the Licensee, and indemnify the Bureau in that regard including damages, interest or
cost thereof.

IN WITNESS WHEREOF this Deed has been executed at New Delhi by the aforesaid
Licensee through its Authorized Representative, in the presence of witnesses.

LICENSEE:
Witnesses:

1.

2.

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