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Indemnification Form
"I need an Indemnification Form to protect my software development company against potential intellectual property claims arising from a new AI product launch planned for March 2025, specifically covering claims from users in England and Wales."
1. Parties: Identification of indemnifier and indemnitee with full legal names and addresses
2. Background: Context and purpose of the indemnification
3. Definitions: Key terms used throughout the document
4. Scope of Indemnity: Precise description of what losses, damages, or liabilities are covered
5. Duration: Time period for which the indemnity remains valid
6. Claims Procedure: Process for making and handling indemnification claims
7. Governing Law: Specification of English and Welsh law as governing law
1. Insurance Requirements: Details of required insurance coverage when indemnifier must maintain specific insurance
2. Limitations and Exclusions: Specific carve-outs from the indemnity when certain risks or circumstances are explicitly excluded
3. Third Party Rights: Rights of third parties under the agreement when third parties might benefit from the indemnity
4. Security Provisions: Requirements for financial security when additional security for the indemnity is required
1. Schedule of Covered Events: Detailed list of circumstances covered by the indemnity
2. Schedule of Excluded Events: Specific exclusions from the indemnity coverage
3. Claims Procedure Protocol: Detailed process for handling claims
4. Insurance Certificates: Copies of relevant insurance policies or certificates
Authors
Indemnitee
Indemnified Losses
Claim
Effective Date
Term
Losses
Liabilities
Damages
Claims Period
Notice
Business Day
Confidential Information
Force Majeure Event
Governing Law
Jurisdiction
Material Breach
Related Parties
Third Party Claim
Wilful Misconduct
Gross Negligence
Reasonable Steps
Insurance Policy
Excluded Claims
Indemnification Period
Claim Notice
Defence Costs
Settlement
Limitation Period
Maximum Liability
Limitations of Liability
Claims Procedure
Notice Requirements
Insurance Obligations
Payment Terms
Duration and Survival
Third Party Rights
Confidentiality
Force Majeure
Assignment
Dispute Resolution
Governing Law
Jurisdiction
Severability
Entire Agreement
Waiver
Amendments
Costs and Expenses
Subrogation Rights
Mitigation Obligations
Representations and Warranties
Exclusions
Time Limits
Set-off Rights
Further Assurance
Counterparts
Notices
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