Prepare an Indemnity Agreement for a franchise sublease with this template form for the United States. The Agreement is between the franchisor (as lessor) and the indemnifying party, who is a principal of a franchisee and is providing the indemnity as an inducement to get the franchisor to enter into a sublease with the franchisee. Provisions of the Agreement include:

• The indemnifier will make any payments, perform any obligations, and indemnify the lessor against loss or damages arising out of the franchisee's failure to pay or perform its obligations under the sublease.
  
• The indemnity is absolute and unconditional and unaffected by any extension of time, waiver, consent, assignment or amendment of the sublease.
  
• In the event of any default, the indemnifier waives any right to require the lessor to proceed against the franchisee or to pursue any other remedy it has.
  
• No action or proceedings, and no recovery from the same, shall act as a bar or defense to any further action or proceeding.

This is a USA legal document in MS Word format, and is fully editable to fit your specific circumstances.