Bond Indemnity Agreement Template for India

1. Security Provisions: Include when specific assets are being provided as security for the indemnity

2. Multiple Indemnifiers: Required when there are multiple parties providing the indemnity, defining joint and several liability

3. Assignment: Include if rights under the agreement may be assigned

4. Step-In Rights: Include when the Beneficiary needs rights to take over certain obligations or contracts

5. Counter-Indemnity: Include when there are multiple parties and cross-indemnification is required

6. Insurance: Include when specific insurance requirements are imposed on the Indemnifier

7. Dispute Resolution: Optional alternative dispute resolution mechanisms like arbitration or mediation

1. Schedule 1 - Bond Document: Copy or details of the underlying bond being indemnified

2. Schedule 2 - Security Details: Description of any security or collateral provided

3. Schedule 3 - Payment Mechanics: Detailed payment procedures and bank account details

4. Schedule 4 - Form of Notice: Standard form for notices under the agreement

5. Schedule 5 - Corporate Authorizations: Copies of relevant corporate authorizations and board resolutions

6. Appendix A - Definitions: Detailed definitions if too extensive for main agreement

7. Appendix B - Compliance Requirements: Specific compliance obligations and reporting requirements