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General Indemnity Agreement

General Indemnity Agreement Generator for United Arab Emirates

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Key Requirements PROMPT example:

General Indemnity Agreement

"I need a General Indemnity Agreement for my construction company acting as Indemnitor to protect a project owner in Dubai against potential third-party claims arising from our upcoming mall development project starting March 2025."

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Document background
A General Indemnity Agreement is a fundamental risk management document used in the United Arab Emirates to establish and govern indemnification obligations between parties. This document is typically employed when one party needs to protect another against potential losses, liabilities, or damages arising from specified events or circumstances. The agreement must comply with UAE Civil Code (Federal Law No. 5 of 1985) and Sharia principles, making it distinct from similar agreements in other jurisdictions. It's commonly used in construction projects, financial transactions, and commercial arrangements where risk allocation is crucial. The document includes detailed provisions on claim procedures, limitations, exclusions, and enforcement mechanisms, all tailored to meet UAE legal requirements and business practices.
Suggested Sections

1. Parties: Identification of the Indemnitor and Indemnitee with full legal names and addresses

2. Background: Context of the agreement, relationship between parties, and purpose of the indemnification

3. Definitions: Key terms used throughout the agreement, including 'Indemnified Losses', 'Claims', 'Indemnification Period'

4. Scope of Indemnification: Detailed description of what losses, damages, and claims are covered by the indemnity

5. Indemnification Process: Procedures for making claims, notice requirements, and timing of indemnification payments

6. Defense of Claims: Process for defending third-party claims, including control of defense and settlement procedures

7. Limitations and Exclusions: Specific exclusions from indemnity coverage and any caps on liability

8. Duration: Term of the indemnity obligation and survival provisions

9. Representations and Warranties: Basic representations about authority to enter agreement and validity of obligations

10. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

11. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Multiple Indemnitors: Required when there are multiple parties providing indemnification, addressing joint and several liability

2. Cross-Border Provisions: Needed for international parties, addressing currency, language, and cross-border enforcement

3. Insurance Requirements: Specifies insurance obligations of the Indemnitor to support indemnification obligations

4. Security Provisions: When additional security (like bank guarantees) is required to secure the indemnity obligations

5. Dispute Resolution: Detailed ADR procedures if parties want specific resolution mechanisms beyond court jurisdiction

6. Shariah Compliance: Specific provisions ensuring compliance with Islamic law principles where relevant

Suggested Schedules

1. Schedule A - Specified Losses: Detailed list of specific losses or types of claims covered by the indemnity

2. Schedule B - Claim Procedures: Detailed procedures and forms for making indemnification claims

3. Schedule C - Contact Information: Detailed contact information for notices and claim submissions

4. Schedule D - Excluded Claims: Specific enumeration of excluded claims or losses

5. Appendix 1 - Form of Claim Notice: Standard form for submitting indemnification claims

6. Appendix 2 - Required Documentation: List of required supporting documents for claims

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
Clauses
Definitions
Interpretation
Scope of Indemnity
Indemnification Obligations
Claims Process
Notice Requirements
Defense of Claims
Settlement Authority
Payment Terms
Limitations of Liability
Exclusions
Duration
Representations and Warranties
Security
Insurance
Confidentiality
Force Majeure
Assignment
Amendments
Severability
Entire Agreement
Notices
Governing Law
Jurisdiction
Dispute Resolution
Language
Counterparts
Costs and Expenses
Waiver
Third Party Rights
Compliance with Laws
Termination
Survival
Relevant Industries

Construction

Financial Services

Real Estate

Manufacturing

Trading

Insurance

Banking

Infrastructure

Energy

Healthcare

Technology

Transportation

Professional Services

Retail

Relevant Teams

Legal

Compliance

Risk Management

Finance

Operations

Commercial

Project Management

Corporate Governance

Insurance

Business Development

Contracts Administration

Relevant Roles

Legal Counsel

Contract Manager

Risk Manager

Compliance Officer

Chief Legal Officer

Chief Financial Officer

Project Manager

Commercial Director

Operations Manager

Business Development Manager

Corporate Secretary

General Manager

Finance Director

Insurance Manager

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Primary legislation governing contracts, civil transactions, and obligations. Articles 1025-1055 specifically deal with guarantees and indemnities.
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Governs commercial transactions and business relationships, including commercial guarantees and indemnities in a business context.
UAE Constitution: Establishes Sharia as a main source of legislation, affecting contract interpretation and enforcement.
Federal Law No. 2 of 2015 on Commercial Companies: Relevant for indemnity agreements involving corporate entities, including provisions about corporate authority to enter into indemnity arrangements.
Law of Civil Transactions (Federal Law No. 5 of 1985): Contains provisions regarding contractual obligations and remedies, particularly Articles 386-397 on contractual liability.
Federal Law No. 24 of 2006 (Consumer Protection Law): May be relevant if the indemnity agreement involves consumer relationships or consumer protection aspects.
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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