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Personal Indemnity Form
"I need a Personal Indemnity Form to personally guarantee a three-year commercial lease for my small business starting March 2025, with specific provisions for property damage and unpaid rent."
1. Parties: Identifies the indemnifier and indemnitee with full details
2. Background: Context and purpose of the indemnity
3. Definitions: Key terms used in the document
4. Scope of Indemnity: Precise description of what is being indemnified
5. Duration: Period the indemnity covers
6. Governing Law: Specifies English and Welsh law applies
1. Insurance Requirements: Details of required insurance coverage - use when specific insurance is required to back the indemnity
2. Claims Procedure: Process for making claims under the indemnity - use for complex arrangements or high-value indemnities
3. Limitations: Any caps or exclusions to the indemnity - use when the indemnity is not absolute
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. Schedule of Insurance Requirements: Detailed insurance specifications if applicable
Authors
Duration
Payment Terms
Claims Procedure
Limitations of Liability
Notice Requirements
Confidentiality
Force Majeure
Assignment
Enforcement
Representations and Warranties
Termination
Entire Agreement
Severability
Governing Law
Jurisdiction
Third Party Rights
Amendment
Costs and Expenses
Waiver
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