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Deed Of Indemnity Bond
"I need a Deed of Indemnity Bond to secure my construction company against potential losses from a subcontractor for a large commercial development project starting in March 2025, with a maximum liability cap of £5 million."
1. Parties: Identification and details of the indemnifier and indemnitee
2. Background: Context and purpose of the indemnity bond
3. Definitions: Key terms used throughout the deed
4. Indemnity Provisions: Core obligations and scope of the indemnity
5. Duration: Term of the indemnity bond
6. Governing Law: Confirmation of applicable law and jurisdiction
7. Execution: Formal execution blocks and attestation
1. Security Provisions: Additional security measures when required to support the indemnity
2. Insurance Requirements: Specific insurance obligations when insurance coverage is part of the indemnity arrangement
3. Assignment: Rights to transfer the benefit/burden when transfer rights need to be specifically addressed
4. Step-In Rights: Rights to assume control in complex commercial arrangements
1. Schedule 1 - Secured Obligations: Detailed list of obligations covered by the indemnity
2. Schedule 2 - Form of Demand: Template for making claims under the indemnity
3. Schedule 3 - Security Details: Details of any security provided
4. Schedule 4 - Insurance Requirements: Specific insurance requirements and minimum coverage
Authors
Business Day
Claim
Commencement Date
Default
Default Interest Rate
Demand
Effective Date
Enforcement Action
Event of Default
Financial Indebtedness
Guaranteed Obligations
Indemnified Parties
Indemnified Matters
Indemnity Period
Insolvency Event
Liability
Loss
Maximum Liability Amount
Obligor
Payment Date
Permitted Security
Principal Agreement
Relevant Documents
Secured Obligations
Security
Security Period
Termination Date
Transaction Documents
Underlying Agreement
Bond Amount
Indemnity Obligations
Payment Terms
Security Provisions
Representations and Warranties
Duration and Termination
Enforcement Rights
Claims Procedure
Default Interest
Costs and Expenses
Assignment and Transfer
Notices
Severability
Entire Agreement
Force Majeure
Confidentiality
Counterparts
Third Party Rights
Governing Law
Jurisdiction
Amendments
Waiver
Time of Essence
Further Assurance
Limitation of Liability
Set-off Rights
Remedies and Waivers
Survival of Terms
Execution
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