Deed Of Indemnity Generator for England and Wales

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Key Requirements PROMPT example:

Deed Of Indemnity

"I need a Deed of Indemnity to protect our newly appointed director against personal liability arising from their role, including coverage for all reasonable legal costs and expenses, effective from March 1, 2025."

Document background
A Deed of Indemnity is commonly used in England and Wales when one party needs to provide comprehensive protection to another against specific risks or liabilities. The deed format is chosen for its longer limitation period and because it doesn't require consideration to be legally binding. Typical situations requiring a Deed of Indemnity include corporate director appointments, commercial transactions, construction projects, and professional services agreements. The document specifies the scope of indemnified matters, claim procedures, and any limitations on the indemnity obligation.
Suggested Sections

1. Parties: Identifies the indemnifier and indemnitee with full legal names and addresses

2. Background: Explains the context and purpose of the indemnity

3. Definitions: Defines key terms used throughout the deed

4. Indemnity Clause: Core provision detailing the scope and nature of the indemnity

5. Duration: Specifies how long the indemnity remains in effect

6. Execution: Formal execution block meeting deed requirements

Optional Sections

1. Claims Procedure: Details process for making claims under the indemnity - used for complex indemnities or where specific notification requirements exist

2. Insurance: Requirements for insurance coverage - used when indemnity is backed by insurance

3. Limitations: Caps or restrictions on the indemnity - used when parties agree to limit the scope or amount of indemnity

Suggested Schedules

1. Schedule 1 - Indemnified Matters: Detailed list of matters covered by the indemnity

2. Schedule 2 - Claims Procedure: Detailed process for making and handling claims

3. Schedule 3 - Insurance Requirements: Specific insurance requirements and minimum coverage levels

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

Industries

Law of Property (Miscellaneous Provisions) Act 1989: Governs the requirements for deeds and execution formalities in England and Wales. Section 1 specifically details the formal requirements for valid deed execution.

Companies Act 2006: Key sections 170-177 cover director duties, sections 232-235 address restrictions on director indemnities, and section 1168 governs document execution by companies.

Limitation Act 1980: Sets time limits for bringing claims, with specific provisions under Section 5 for contracts under seal (deeds).

Contracts (Rights of Third Parties) Act 1999: Determines whether and how third parties can enforce rights under the indemnity agreement.

Unfair Contract Terms Act 1977: Regulates the reasonableness of indemnity terms and places limitations on liability exclusions.

Common Law Principles: Encompasses rules against penalties, doctrine of unconscionability, and principles of contractual interpretation that affect deed validity and enforcement.

Civil Procedure Rules: Governs litigation procedures including Part 7 and pre-action protocols if disputes arise from the deed.

Financial Services and Markets Act 2000: Relevant when the indemnity relates to regulated financial activities or services.

Consumer Rights Act 2015: Applies additional protections and requirements when one party to the deed is a consumer rather than a business.

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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