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Deed Of Indemnity

Deed Of Indemnity Template for United Arab Emirates

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Key Requirements PROMPT example:

Deed Of Indemnity

"I need a Deed of Indemnity to protect my UAE-based construction company against potential claims arising from a subcontractor's work on the Dubai Marina development project, with the indemnity period starting from March 1, 2025, and including specific provisions for environmental liability claims."

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Document background
The Deed of Indemnity serves as a crucial legal instrument in UAE business transactions, providing a formal mechanism for risk allocation and protection against potential losses. It is commonly used in corporate transactions, project finance, real estate developments, and commercial arrangements where parties seek to clearly define and allocate potential liabilities. The document must comply with UAE legal requirements, particularly the UAE Civil Code and Commercial Transactions Law, and requires proper execution as a deed to ensure maximum enforceability. This type of agreement is especially relevant in complex commercial transactions where parties need robust protection against specific risks or where regulatory requirements mandate formal indemnification arrangements. The deed format provides additional legal certainty and enforceability compared to simple contractual indemnities.
Suggested Sections

1. Parties: Identifies all parties to the deed, including the Indemnifier and the Indemnitee, with full legal names and addresses

2. Background: Sets out the context and circumstances leading to the need for the indemnity

3. Definitions and Interpretation: Defines key terms used in the deed and establishes rules of interpretation

4. Indemnity: The core provision detailing the scope and nature of the indemnification obligation

5. Duration: Specifies the period during which the indemnity remains effective

6. Claims Procedure: Details the process for making and handling indemnity claims

7. Payment Terms: Specifies timing and method of indemnity payments

8. Representations and Warranties: Essential statements of fact and assurances from both parties

9. Governing Law and Jurisdiction: Specifies UAE law as governing law and establishes jurisdiction for disputes

10. Execution: Formal execution block meeting UAE requirements for deeds

Optional Sections

1. Security: Required when additional security for the indemnity obligations is being provided

2. Insurance: Include when specific insurance requirements are part of the indemnity arrangement

3. Third Party Rights: Needed when the indemnity may affect or benefit third parties

4. Confidentiality: Include when the indemnity relates to sensitive commercial information

5. Assignment: Required when transfer of rights under the indemnity needs to be addressed

6. Force Majeure: Include when certain events should excuse performance of the indemnity obligations

7. Sanctions Compliance: Required when parties are subject to international trade or sanctions regulations

Suggested Schedules

1. Schedule 1 - Specific Indemnified Matters: Detailed list of specific matters, losses or circumstances covered by the indemnity

2. Schedule 2 - Claim Notice Requirements: Detailed requirements for the form and content of claim notices

3. Schedule 3 - Security Details: Details of any security provided (if applicable)

4. Schedule 4 - Related Agreements: List and details of any related agreements referenced in the indemnity

5. Appendix A - Form of Claim Notice: Template for submitting indemnity claims

6. Appendix B - Power of Attorney: If required for execution or claims handling

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Banking and Financial Services

Real Estate and Construction

Oil and Gas

Manufacturing

Trading and Commerce

Technology and Communications

Healthcare

Infrastructure Development

Professional Services

Maritime and Shipping

Aviation

Hospitality and Tourism

Relevant Teams

Legal

Finance

Risk Management

Compliance

Corporate Secretariat

Commercial

Business Development

Operations

Project Management

Investment

Treasury

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Legal Director

Risk Manager

Compliance Officer

Corporate Secretary

Project Director

Commercial Director

Investment Manager

Contract Manager

Business Development Director

Finance Manager

Operations Director

Company Director

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Provides the fundamental principles governing contracts, obligations, and civil transactions, including requirements for valid contracts and principles of indemnification
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Governs commercial transactions and obligations between business entities, including commercial guarantees and indemnities
UAE Companies Law (Federal Law No. 2 of 2015): Relevant for corporate capacity and authority to enter into indemnity arrangements, especially when parties are UAE companies
UAE Evidence Law (Federal Law No. 10 of 1992): Governs the requirements for documentary evidence and proof in civil and commercial transactions, including deed authentication
UAE Electronic Transactions and Commerce Law (Federal Law No. 1 of 2006): Relevant if the deed is to be executed or stored electronically, governing electronic signatures and records
DIFC Law No. 6 of 2004 (if applicable in DIFC): Specific contract law applicable if the deed is executed within or subject to Dubai International Financial Centre jurisdiction
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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