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Deductible Indemnity Agreement
"I need a Deductible Indemnity Agreement for our manufacturing company where we agree to indemnify our main distributor subject to a £50,000 deductible, with quarterly payment terms and specific provisions for product liability claims."
1. Parties: Identification of the contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Deductible Amount: Specification of the deductible amount and calculation method
5. Indemnity Obligations: Core indemnity provisions and scope
6. Payment Terms: Terms and timing of payments
7. Claims Procedure: Process for making and handling claims
1. Security Provisions: Additional security requirements when financial security is required
2. Insurance Requirements: Specific insurance obligations when particular insurance coverage is required
3. Dispute Resolution: Specific dispute resolution procedures when standard court jurisdiction is not preferred
1. Schedule 1 - Calculation of Deductible: Detailed methodology for calculating the deductible
2. Schedule 2 - Claims Procedure: Detailed steps and requirements for claims process
3. Schedule 3 - Form of Notice: Template for formal notices under the agreement
4. Appendix A - Security Documents: Forms of any required security documentation
Authors
Business Day
Claim
Commencement Date
Deductible
Deductible Amount
Deductible Period
Event
Excluded Claims
Indemnified Losses
Indemnified Party
Indemnifying Party
Insurance Policy
Insurer
Loss
Notice
Parties
Payment Date
Related Claims
Security
Security Documents
Term
Termination Date
Threshold Amount
Working Hours
Deductible Calculation
Payment Terms
Claims Procedure
Notice Requirements
Security Provisions
Insurance Requirements
Representations and Warranties
Confidentiality
Force Majeure
Term and Termination
Assignment and Transfer
Dispute Resolution
Governing Law and Jurisdiction
Amendments and Waivers
Severability
Entire Agreement
Costs and Expenses
Third Party Rights
Counterparts
Records and Audit Rights
Set-off Rights
Survival Provisions
Remedies and Enforcement
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