All Countries
Risk Management
Corporate Indemnification Agreement

Corporate Indemnification Agreement Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Corporate Indemnification Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Corporate Indemnification Agreement

"I need a Corporate Indemnification Agreement for our newly listed technology company in India, specifically covering our board of directors and senior management team, with additional provisions for cross-border operations as we're expanding into Southeast Asian markets in March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Corporate Indemnification Agreement serves as a crucial risk management tool for companies operating under Indian jurisdiction, providing essential protection for directors, officers, and key personnel in the execution of their corporate duties. This agreement becomes particularly important in today's complex business environment where corporate officers face increasing scrutiny and potential liability. Governed by Indian law, particularly the Companies Act, 2013, and the Indian Contract Act, 1872, the agreement details the scope of protection, including coverage for legal expenses, judgments, fines, and settlements, while establishing clear procedures for claiming indemnification. It is commonly implemented when appointing new directors or officers, updating corporate governance policies, or enhancing risk management frameworks, and may be customized based on specific industry requirements and regulatory considerations.
Suggested Sections

1. Parties: Identification of the indemnifying company and the indemnified parties (typically directors, officers, or other specified individuals)

2. Background: Context of the agreement, relationship between parties, and purpose of the indemnification

3. Definitions: Detailed definitions of key terms including 'Indemnified Events', 'Losses', 'Claims', 'Proceedings', etc.

4. Scope of Indemnification: Detailed description of what events, actions, and circumstances are covered by the indemnification

5. Exclusions from Indemnification: Specific circumstances or actions that are explicitly excluded from indemnification coverage

6. Procedure for Claims: Process for making and handling indemnification claims, including notification requirements and timelines

7. Defense of Claims: Provisions regarding the conduct of defense in legal proceedings, including choice of counsel and settlement authority

8. Advancement of Expenses: Terms for advancement of legal and other expenses before final determination of indemnification eligibility

9. Insurance: Provisions regarding maintenance of D&O insurance and its relationship to indemnification obligations

10. Duration and Survival: Term of the agreement and survival of obligations after termination

11. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for dispute resolution

12. General Provisions: Standard contractual provisions including notices, amendments, assignment, and severability

Optional Sections

1. Subrogation Rights: Used when the company wishes to preserve rights to recover from third parties - included when there's significant risk of third-party liability

2. Tax Implications: Include when indemnification payments might have significant tax consequences requiring specific handling

3. Multiple Indemnitors: Used when there are multiple entities providing indemnification, establishing priority and contribution rights

4. Regulatory Compliance: Include for regulated industries or when specific regulatory requirements affect indemnification

5. Cross-Border Provisions: Include when the indemnified party operates in multiple jurisdictions

6. Alternative Dispute Resolution: Optional mechanism for resolving disputes through mediation or arbitration

7. Security for Indemnification: Include when specific assets or security are pledged to support indemnification obligations

Suggested Schedules

1. Schedule A - Indemnified Persons: List of all individuals covered by the indemnification agreement, including their roles and capacities

2. Schedule B - Specific Indemnified Events: Detailed listing of specific events or circumstances that are explicitly covered by the indemnification

3. Schedule C - Insurance Coverage: Details of existing D&O insurance policies, including coverage limits and key terms

4. Appendix 1 - Claim Form Template: Standard form for submitting indemnification claims

5. Appendix 2 - Board Resolution: Copy of board resolution authorizing the indemnification agreement

6. Appendix 3 - Undertaking Form: Standard form for undertakings required from indemnified persons in case of expense advancement

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Affiliate
Agreement
Applicable Law
Articles of Association
Board of Directors
Claim
Company
Companies Act
Corporate Status
D&O Insurance
Effective Date
Expenses
Good Faith
Indemnifiable Event
Indemnified Party
Indemnifying Party
Independent Legal Counsel
Liability
Loss
Memorandum of Association
Notice
Officer
Parties
Proceeding
Related Entity
Representatives
SEBI
Settlement
Subsidiary
Term
Third Party Claim
Undertaking
Voting Securities
Willful Misconduct
Gross Negligence
Corporate Opportunity
Change in Control
Determination
Disinterested Director
Excluded Claim
Reviewing Party
Special Legal Counsel
Standard of Conduct
Material Change
Clauses
Indemnification Obligation
Scope of Indemnity
Exclusions
Claims Procedure
Defense of Claims
Settlement Authority
Expense Advancement
Insurance Coverage
Subrogation
Notice Requirements
Good Faith Determination
Duration
Survival
Regulatory Compliance
Dispute Resolution
Governing Law
Jurisdiction
Amendment
Assignment
Severability
Entire Agreement
Confidentiality
Force Majeure
Notices
Third Party Rights
Waiver
Counterparts
Costs and Expenses
Representations and Warranties
Tax Matters
Cooperation
Priority of Payments
Contribution
Remedies
Term and Termination
Relevant Industries

Financial Services

Technology

Manufacturing

Healthcare

Real Estate

Energy

Telecommunications

Professional Services

Retail

Infrastructure

Education

Pharmaceuticals

Insurance

Banking

Automotive

Mining and Natural Resources

Relevant Teams

Legal

Compliance

Risk Management

Corporate Governance

Board Secretariat

Human Resources

Finance

Internal Audit

Corporate Affairs

Executive Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Company Secretary

Board Director

Independent Director

Managing Director

Executive Director

Chief Operating Officer

Chief Risk Officer

Chief Legal Officer

General Counsel

Corporate Secretary

Compliance Officer

Risk Manager

Board Committee Member

Senior Vice President

Vice President

Department Head

Division Director

Industries
Companies Act, 2013: Primary legislation governing company operations in India, including provisions for director and officer indemnification (Section 197), corporate liability, and governance requirements
Indian Contract Act, 1872: Fundamental law governing contract formation, validity, and enforcement in India, including specific provisions on indemnity contracts (Sections 124-125)
Securities and Exchange Board of India Act, 1992: Relevant for listed companies, containing provisions affecting corporate liability and disclosure requirements related to indemnification obligations
Specific Industry Regulations: Depending on the industry, various sector-specific regulations that might affect indemnification obligations (e.g., Banking Regulation Act for banks, Insurance Act for insurance companies)
Indian Stamp Act, 1899: Governs the stamp duty requirements for executing and enforcing indemnification agreements in India
Arbitration and Conciliation Act, 1996: Relevant for dispute resolution provisions in indemnification agreements, particularly for including arbitration clauses
Registration Act, 1908: May be relevant if the indemnification agreement needs to be registered, particularly if it involves immovable property or long-term rights
Information Technology Act, 2000: Relevant for electronic execution of agreements and digital signatures, if the agreement is to be executed electronically
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

Find the exact document you need

Letter Of Indemnity

A legally binding document under Indian law where one party agrees to protect another against specified losses or liabilities.

find out more

Contract Of Indemnity And (Insurance)

An Indian law-governed agreement establishing insurance coverage and indemnification terms between insurer and insured parties, regulated under the Indian Contract Act and Insurance Act.

find out more

Personal Indemnity Agreement

An Indian law-governed agreement where an individual commits to protect and compensate another party against specified losses or liabilities.

find out more

Indemnity & Undertaking Agreement

An Indian law-governed agreement establishing indemnification obligations and undertakings between parties, with detailed claim procedures and risk allocation mechanisms.

find out more

Standard Indemnity Form

An Indian law-governed agreement establishing indemnification obligations between parties, defining terms for compensation against specified losses and liabilities.

find out more

Release And Indemnification Form

An Indian law-governed agreement that provides liability release and indemnification protection between parties, combining waiver of claims with obligations to protect against losses.

find out more

Reciprocal Indemnity Agreement

An Indian law-governed agreement establishing reciprocal indemnification obligations between parties, defining mutual risk allocation and protection mechanisms.

find out more

Personal Indemnity Form

An Indian law-compliant document where one party agrees to protect and compensate another against specified losses or liabilities.

find out more

Mutual Indemnity And Waiver Of Recourse Agreement

An Indian law-governed agreement establishing mutual indemnification obligations and waiver of recourse rights between contracting parties.

find out more

Insurance And Indemnification Agreement

An Indian law-governed agreement establishing insurance requirements and indemnification obligations between parties, defining risk transfer mechanisms and protection procedures.

find out more

Indemnity Consent Form

A legal document under Indian law where one party agrees to protect another against specified losses or liabilities.

find out more

Indemnity Bond Agreement

A legal document under Indian law where one party agrees to compensate another for specified losses or damages.

find out more

Indemnity Agreement

An Indian law-governed agreement where one party agrees to protect and compensate another against specified losses or liabilities.

find out more

General Indemnity Agreement

An Indian law-governed agreement establishing indemnification obligations between parties, detailing scope, claims procedures, and enforcement mechanisms.

find out more

Food Waiver And Indemnification Agreement

An Indian law-governed agreement that establishes food safety liability waivers and indemnification terms between food service providers and consumers.

find out more

Deed Of Indemnity Form

An Indian law-governed deed where one party commits to compensate another for specified losses or liabilities, executed with formal deed requirements.

find out more

Deed Of Indemnity

An Indian law-governed deed where one party agrees to protect another against specified losses or liabilities, structured under the Indian Contract Act.

find out more

Customer Indemnity Form

An Indian law-compliant document establishing customer's obligation to indemnify a company against specified losses and liabilities.

find out more

Construction Indemnification Agreement

An Indian law-governed agreement establishing indemnification obligations and risk allocation between parties in construction projects.

find out more

Contractor Indemnity Agreement

An Indian law-governed agreement establishing indemnification obligations between a contractor and principal organization, defining risk allocation and claims procedures.

find out more

Consent And Indemnity Form

An Indian law-compliant document combining consent and indemnification provisions to manage risks and establish clear agreements between parties.

find out more

Corporate Indemnification Agreement

An Indian law-governed agreement establishing terms for company indemnification of directors, officers, and key personnel against corporate role-related liabilities.

find out more

Indemnification Agreement Form

A legally binding document under Indian law that establishes indemnification obligations between parties, outlining compensation terms for specified losses and damages.

find out more

Guarantee And Indemnity Form

An Indian law-governed document establishing guarantee and indemnity obligations, where a guarantor commits to fulfilling specified obligations of a principal debtor to a beneficiary.

find out more

Waiver And Indemnity Agreement

An Indian law-governed agreement combining a waiver of rights with indemnification obligations, designed to manage risk and liability between parties.

find out more

Indemnity Form For Employees

An Indian law-compliant employee indemnity form establishing terms for employee liability and employer protection in case of workplace-related losses or damages.

find out more

General Indemnity Form

An Indian law-governed document establishing indemnification obligations between parties, defining compensation terms for specified losses or liabilities.

find out more

Standard Indemnification Agreement

An Indian law-governed agreement establishing one party's obligation to compensate another for specified losses or liabilities, structured under the Indian Contract Act, 1872.

find out more

Client Indemnity Form

An Indian law-governed agreement establishing terms under which a client indemnifies a service provider against specified losses and liabilities.

find out more

Loan Indemnification Agreement

An Indian law-governed agreement establishing indemnification obligations to protect lenders against losses arising from loan transactions.

find out more

Employee Indemnification Agreement

An Indian law-governed agreement establishing terms for company indemnification of employees against specified work-related risks and liabilities.

find out more

Indemnity Agreement Form

A legally binding document under Indian law where one party agrees to protect another against specified losses or liabilities.

find out more

Release And Waiver Of Liability And Indemnity Agreement

An Indian law-compliant agreement combining liability waiver and indemnification provisions to manage risks and protect parties' interests.

find out more

Indemnity Confidentiality Agreement

An Indian law-governed agreement combining confidentiality obligations with indemnification provisions to protect sensitive business information.

find out more

Employee Liability Waiver And Indemnification Agreement

An Indian law-governed agreement establishing liability waivers and indemnification obligations between employer and employee, while ensuring compliance with Indian employment regulations.

find out more

Indemnity Form

An Indian law-compliant Indemnity Form establishing protection against specified losses and liabilities between parties.

find out more

Deed Of Indemnity And Release

An Indian law-governed deed that combines indemnification obligations with release of claims, creating legally binding protection and discharge arrangements between parties.

find out more

Release And Indemnity Form

An Indian law-governed document that combines release of claims and indemnification provisions, protecting parties from future claims while establishing clear indemnification obligations.

find out more

Mutual Indemnification Agreement

An Indian law-governed agreement establishing mutual indemnification obligations between parties, outlining protection against specified losses and damages.

find out more

Contract Of Indemnity And Guarantee

An Indian law-governed agreement combining indemnity and guarantee provisions, establishing protection against losses and performance guarantees under the Indian Contract Act, 1872.

find out more

Letter Of Indemnity Form

An Indian law-governed document where one party formally agrees to protect another against specified losses or liabilities, creating an enforceable legal obligation.

find out more

Release And Indemnity Agreement

An Indian law-governed agreement that provides for both release of claims and indemnification protection between parties, structured under the Indian Contract Act.

find out more

Indemnity Waiver

An Indian law-governed Indemnity Waiver establishing risk allocation and liability protection between parties, compliant with the Indian Contract Act requirements.

find out more

Indemnification Contract

An Indian law-governed agreement where one party agrees to protect another against specified losses or damages, structured under the Indian Contract Act, 1872.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.