Simple Indemnification Agreement Template for Netherlands

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Key Requirements PROMPT example:

Simple Indemnification Agreement

"I need a Simple Indemnification Agreement under Dutch law between my tech consulting company (as indemnifier) and a major financial institution (as indemnitee), specifically covering cyber security risks and data protection incidents, to be effective from March 1, 2025."

Document background
The Simple Indemnification Agreement is a crucial risk management tool used in various business contexts under Dutch law. This document is typically employed when one party needs to protect another from potential losses, liabilities, or damages arising from specific circumstances or business activities. The agreement is particularly useful in business transactions, service arrangements, or corporate restructurings where risk allocation needs to be clearly defined. A Simple Indemnification Agreement includes essential provisions regarding the scope of protection, claim procedures, and limitations, all structured in compliance with Dutch legal requirements and the Dutch Civil Code. The document can be customized to address specific risks while maintaining its enforceability under Dutch law.
Suggested Sections

1. Parties: Identification and details of the indemnifier and indemnitee

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

3. Definitions: Key terms used throughout the agreement including 'Indemnified Party', 'Losses', 'Claims', etc.

4. Scope of Indemnification: Clear description of what losses, damages, or claims are covered by the indemnification

5. Indemnification Obligations: Detailed obligations of the indemnifying party, including payment and defense obligations

6. Procedure for Claims: Process for notifying and handling indemnification claims

7. Limitations and Exclusions: Any caps, carve-outs, or exclusions to the indemnification obligations

8. Duration: Term of the indemnification obligations and survival provisions

9. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for disputes

10. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability

Optional Sections

1. Insurance Requirements: Required when specific insurance coverage needs to be maintained by either party

2. Third Party Claims: Added when the agreement needs to specifically address claims brought by third parties

3. Mitigation Obligations: Include when parties need specific obligations to minimize potential losses

4. Security Provisions: Used when collateral or security is required to back the indemnification obligations

5. Subrogation Rights: Include when addressing rights of insurers or other parties to step into the shoes of the indemnified party

6. Cross-Indemnification: Added when both parties are providing mutual indemnification obligations

Suggested Schedules

1. Schedule of Covered Claims: Detailed list of specific types of claims or losses covered by the indemnification

2. Schedule of Excluded Claims: List of specific exclusions or carve-outs from the indemnification coverage

3. Insurance Requirements Schedule: Detailed requirements for insurance coverage, limits, and types

4. Notice Requirements: Specific contact information and procedures for claim notifications

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

Relevant Industries

Financial Services

Manufacturing

Construction

Technology

Healthcare

Professional Services

Real Estate

Energy

Transportation

Retail

Insurance

Telecommunications

Relevant Teams

Legal

Risk Management

Compliance

Finance

Executive Leadership

Commercial

Business Development

Operations

Project Management

Insurance

Corporate Governance

Relevant Roles

Legal Counsel

Risk Manager

Chief Legal Officer

Contract Manager

Chief Financial Officer

Compliance Officer

Business Development Manager

Chief Executive Officer

Chief Operating Officer

Project Manager

General Counsel

Corporate Secretary

Insurance Manager

Commercial Director

Industries
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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