Trust & Indemnification Agreement for Land (Alberta)

Use this template to prepare a Trust & Indemnification Agreement for the Province of Alberta, Canada, with respect to land which will be registered in the name of the trustee as bare trustee, to be held in trust on behalf of another party who is the beneficial owner. Provisions of the agreement include:

• The parties will each pay their separate debts, except for expenses already incurred, which will be paid by the owner.
• The parties will keep each other indemnified against claims arising with respect to the land.
• The trustee has the power to lease or mortgage the land, with the consent of the owner.

This is a Canadian legal document in MS Word format.