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Personal Indemnification Agreement

Personal Indemnification Agreement Generator for United Arab Emirates

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Key Requirements PROMPT example:

Personal Indemnification Agreement

"I need a Personal Indemnification Agreement under UAE law where I, as a newly appointed director of a Dubai-based technology company, will indemnify the company against any personal liabilities or claims arising from my directorship, effective from March 1, 2025."

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Document background
The Personal Indemnification Agreement is commonly used in the United Arab Emirates when an individual needs to provide protection to another party against potential losses or liabilities. This document is particularly relevant in business relationships, corporate transactions, or personal guarantees where one party assumes responsibility for potential claims or losses that may be incurred by another. The agreement must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and related regulations governing civil transactions and obligations. It typically includes detailed provisions about the scope of indemnification, notification requirements, defense procedures, and settlement terms. Personal Indemnification Agreements are often required in situations involving director appointments, shareholder arrangements, or when individuals provide personal guarantees for corporate obligations in the UAE.
Suggested Sections

1. Parties: Identification and details of the Indemnifier and Indemnitee

2. Background: Context and circumstances leading to the indemnification agreement

3. Definitions: Key terms used throughout the agreement

4. Scope of Indemnification: Detailed description of what losses, damages, or liabilities are covered by the indemnification

5. Indemnification Obligations: Specific obligations of the Indemnifier, including timing and method of payment

6. Conditions and Limitations: Any conditions precedent, limitations on liability, or exclusions from indemnification

7. Notice Requirements: Procedures for notifying the Indemnifier of claims and timing requirements

8. Defense and Settlement: Rights and obligations regarding legal defense and settlement of claims

9. Duration: Term of the indemnification agreement and any survival provisions

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

11. General Provisions: Standard contractual provisions including amendments, assignments, and severability

Optional Sections

1. Insurance Requirements: Required when specific insurance coverage is necessary to support the indemnification

2. Security: Used when additional security or collateral is required to secure the indemnification obligation

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

4. Confidentiality: Required when sensitive information will be shared as part of the indemnification relationship

5. Dispute Resolution: Optional detailed dispute resolution procedures, including mediation or arbitration provisions

6. Force Majeure: May be included when certain events should excuse or modify indemnification obligations

7. Cross-Indemnification: Used when both parties are providing reciprocal indemnification

Suggested Schedules

1. Schedule of Specific Risks: Detailed list of specific risks or circumstances covered by the indemnification

2. Schedule of Excluded Claims: List of specific claims or circumstances excluded from the indemnification

3. Schedule of Insurance Requirements: Detailed insurance requirements including types, amounts, and carriers

4. Schedule of Security Documents: List and copies of any security documents provided to support the indemnification

5. Schedule of Related Agreements: List of other agreements referenced or related to the indemnification obligation

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

Financial Services

Real Estate

Construction

Manufacturing

Professional Services

Healthcare

Technology

Energy

Transportation

Retail

Education

Relevant Teams

Legal

Compliance

Risk Management

Finance

Corporate Secretariat

Executive Leadership

Treasury

Corporate Governance

Operations

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Director

Board Member

Company Secretary

Managing Director

General Manager

Senior Executive

Department Head

Risk Manager

Legal Counsel

Compliance Officer

Corporate Treasurer

Business Owner

Partner

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): Primary legislation governing civil transactions, contracts, and obligations. Contains fundamental principles for contract formation, validity, and enforcement.
UAE Federal Law No. 18 of 1993 (Commercial Transactions Law): Relevant if the indemnification relates to commercial matters or business transactions, particularly regarding commercial obligations and guarantees.
UAE Federal Law No. 11 of 1992 (Civil Procedure Code): Contains provisions regarding the enforcement of contracts and legal proceedings in civil matters, including indemnification agreements.
UAE Federal Law No. 5 of 1987 (Penal Code): May be relevant in cases where the indemnification relates to criminal acts or fraudulent behavior.
UAE Federal Law No. 6 of 2018 (Arbitration Law): Important if the indemnification agreement includes arbitration clauses for dispute resolution.
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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