NEVADA STATE CONTRACTORS BOARD
5390 KIETZKE LANE, SUITE 102, RENO, NEVADA, 89511 (775) 688-1141 FAX (775) 688-1271, INVESTIGATIONS (775) 688-1150
2310 CORPORATE CIRCLE, SUITE 200, HENDERSON, NEVADA, 89074 (702) 486-1100 FAX (702) 486-1190, INVESTIGATIONS (702) 486-1110
Nevada State Contractors Board
Limited Partnership Indemnification Agreement
Page 2 of 3
LIMITED PARTNERSHIP INDEMNIFICATION AGREEMENT
FOR VALUE RECEIVED, the undersigned limited partnership, does hereby indemnify the creditors of
______________________________________________________________________________ (hereinafter referred to as Licensee),
(USE FULL LEGAL NAME OF APPLICANT/ LICENSEE)
as guarantors and as sureties, against any loss or damage the said creditors may suffer as a result of licensee’s failure to promptly pay
obligations incurred by it in the ordinary course of construction business within the State of Nevada.
It is further agreed that the undersigned limited partnership as surety, is firmly bound unto Licensee for the benefit of the said
creditors; and, it is further agreed that this Agreement as a guaranty is separate and absolute, and that the undersigned limited
partnership is obligated hereunder as guarantors in addition to their obligations as sureties. No election of remedies is intended and the
obligations hereunder are cumulative, joint and several.
This Agreement is continuing and shall remain in force until ninety (90) days after the undersigned limited partnership has
delivered a written notice of revocation to the Nevada State Contractors Board. Such revocation shall not affect any of the
undersigned’s obligations hereunder with respect to indebtedness theretofore incurred before the effective date of termination. (No
release of one undersigned from liability hereunder, by operation of law or otherwise, shall release any other undersigned.)
Acceptance by creditors is waived and no continuation, renewal, change, or alteration in the contractors license granted to
Licensee shall in any way relieve the undersigned, its successors or assigns from any liability assumed hereunder.
The undersigned further agrees to be subject to the jurisdiction of the courts of the State of Nevada and the Federal Courts for
the District of Nevada, and laws of the State of Nevada in connection with all of its obligations and liabilities in connection with this
Words used in this Agreement which import the plural number shall be deemed to include the singular; words used herein
which import the singular shall also be deemed to include the plural.
The undersigned agrees to notify the Board if the entity providing the indemnification has dissolved or has filed for bankruptcy
Limited Partnership (Print Name) Physical Address City State Zip
Signature(s) (General Partner(s) Print Name(s)
ALL SIGNATURES MUST BE NOTARIZED:
Subscribed and sworn to before me this ________ day of ______________, _________
____________________________________________, Notary Public in and for County of ___________State of _______.
My Commission Expires: ______________________
Certification of Resident Agent for Indemnitor (Required only if indemnitor is not a Nevada resident)
I hereby certify that I am the resident agent for this indemnitor for the purpose of accepting service of process in the State of Nevada in
connection with any and all legal actions instituted in the State of Nevada pertaining to this indemnification agreement for the benefit of
the Nevada contractors licensee stated above. I recognize my obligation to notify the State Contractors Board, in writing, of any change
(Print Name) Signature Physical Address City State Zip