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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."
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
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
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
Business Day
Claim
Commencement Date
Confidential Information
Control
Costs
Effective Date
Encumbrance
Event of Default
Group
Indemnified Losses
Indemnified Matters
Indemnified Party
Indemnifying Party
Insolvency Event
Law
Liabilities
Losses
Material Adverse Effect
Notice
Parties
Regulatory Authority
Related Party
Relevant Period
Representatives
Security Interest
Specified Events
Tax
Term
Territory
Third Party Claim
Transaction Documents
Duration and Survival
Claims Procedure
Notice Requirements
Payment Terms
Insurance
Limitations and Exclusions
Confidentiality
Representations and Warranties
Force Majeure
Assignment and Transfer
Governing Law
Jurisdiction
Severability
Entire Agreement
Variation and Waiver
Costs and Expenses
Third Party Rights
Further Assurance
Counterparts
Notices
Time Limits
Set-off
Tax Treatment
Dispute Resolution
Remedies and Relief
Subrogation Rights
Contribution
Release
Termination
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