Bond Indemnity Agreement Template for Hong Kong

1. Multiple Indemnitors: Required when there is more than one indemnitor, addressing joint and several liability

2. Additional Security: Include when the indemnity is supported by additional security such as charges or guarantees

3. Currency Provisions: Required for cross-border transactions involving multiple currencies

4. Set-off Rights: Optional provisions allowing set-off of amounts between parties

5. Trust Provisions: Required when the beneficiary holds the indemnity on trust for others

6. Priority Arrangements: Include when there are multiple security or indemnity arrangements requiring priority rules

7. Electronic Execution: Required if agreement will be executed electronically under Hong Kong law

1. Form of Bond: Copy or key terms of the underlying bond

2. Payment Details: Bank account and payment processing information

3. Conditions Precedent: List of documents and conditions required before effectiveness

4. Notice Details: Contact information for all parties for formal notices

5. Form of Demand: Template for making demands under the indemnity

6. Additional Security Documents: Forms of any additional security being provided

7. Authorized Signatories: List of persons authorized to act under the agreement