Personal Indemnity Form Template for England and Wales

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Key Requirements PROMPT example:

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."

Document background
The Personal Indemnity Form is commonly used in England and Wales when an individual needs to provide personal assurance against potential losses or liabilities. This document is particularly relevant in business transactions, property dealings, or financial arrangements where institutional guarantees are insufficient or inappropriate. The form typically includes detailed provisions about the scope of protection, claiming procedures, and any limitations on liability. It's essential for protecting parties in various commercial and personal transactions, creating legally enforceable obligations under English and Welsh law.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Contracts (Rights of Third Parties) Act 1999: Governs how third parties may enforce terms of a contract and their rights under the agreement

Consumer Rights Act 2015: Key legislation protecting consumer rights and defining trader obligations when one party is acting as a consumer

Unfair Contract Terms Act 1977: Regulates unfair terms in contracts, particularly exclusion clauses, and sets out the reasonableness test for contract terms

Consumer Protection from Unfair Trading Regulations 2008: Prohibits unfair commercial practices and provides consumer protection against unfair trading practices

Limitation Act 1980: Sets statutory time limits for bringing different types of legal claims and actions

UK General Data Protection Regulation: Post-Brexit data protection legislation governing the processing and handling of personal data in the UK

Data Protection Act 2018: The UK's implementation of data protection law, working alongside the UK GDPR

Misrepresentation Act 1967: Governs the legal remedies available when false statements have induced someone to enter into a contract

Mental Capacity Act 2005: Protects people who may lack capacity to make certain decisions and sets out how decisions should be made on their behalf

Common Law Contract Formation Principles: Fundamental principles including offer, acceptance, consideration, and intention to create legal relations

Common Law Indemnification Principles: Legal principles governing the nature and extent of indemnification, including the requirement that terms must be compensatory rather than punitive

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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