This legal template, namely the Deed of Indemnity for Administrators (Appointing Administrators) under UK law, is a written document designed to establish an agreement of indemnification between company administrators and the company itself. Its purpose is to provide legal protection and security to administrators in the event that they face personal liability during the course of their duties.

In the United Kingdom, administrators are individuals appointed to manage the affairs of a company that is insolvent or undergoing a formal insolvency procedure. During this process, administrators carry out various actions such as restructuring debts, selling assets, negotiating with creditors, and making key decisions to help facilitate the company's financial recovery.

The Deed of Indemnity for Administrators serves as a crucial instrument to safeguard administrators from personal liability arising from their actions or decisions undertaken in good faith, within the scope of their role. The indemnity involves the company or its shareholders explicitly agreeing to indemnify administrators against any losses, claims, damages, expenses, or legal fees incurred as a result of their lawful actions during the administration process.

This legal template typically includes provisions specifying the scope and limitations of indemnification, the conditions under which it applies, and obligations of both administrators and the company. It ensures that administrators have the necessary protection to act in the best interests of the company without undue hesitation or fear of personal liability.

While the specific details contained within this Deed of Indemnity will vary based on the unique circumstances of each case and the preferences of the parties involved, its primary goal is to create a clear and binding agreement that shields administrators from personal financial risk associated with their professional duties.

It is important to note that engaging legal professionals specializing in UK company law is recommended to tailor this template to meet the specific needs of the administrators and the company involved.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.

Similar legal templates

Standard Sales Agency Agreement (Goods)

The Standard Sales Agency Agreement (Goods) is a legal template designed to formalize the relationship between a sales agency and a principal under UK law. This agreement outlines the terms and conditions governing the sale of goods by the sales agency on behalf of the principal.

The template covers essential aspects such as the appointment of the sales agency, their responsibilities, and the rights and obligations of both parties. It defines the scope of the agreement, specifying the territories or markets in which the sales agency is authorized to sell the goods.

The agreement addresses the terms of payment, including commission rates and any additional expenses that the sales agency may be entitled to. It also includes provisions to safeguard the principal's interests, such as intellectual property rights protection, non-disclosure agreements, and non-compete clauses.

Furthermore, the agreement may cover performance expectations and targets, sales reporting requirements, product warranties, and procedures for resolving disputes. It may also address termination clauses, providing guidelines on both parties' rights and obligations in case the agreement is terminated before its expiration date.

The Standard Sales Agency Agreement (Goods) aims to establish a clear and mutually beneficial business relationship between the sales agency and the principal. By defining the rights and responsibilities of each party, it provides a solid legal framework to promote successful sales and protect the interests of both parties involved under the laws of the United Kingdom.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
5
RATINGS
4
DISCUSSIONS
0

Standard Short Form Marketing Agency Agreement (For Sale Of Goods)

This legal template, the Standard Short Form Marketing Agency Agreement (For Sale of Goods) under UK law, is a contract designed to govern the relationship between a marketing agency and a client in the sale of goods. This agreement outlines the terms and conditions that both parties must adhere to, covering essential elements such as the scope of work, payment terms, obligations and responsibilities, intellectual property rights, confidentiality, and dispute resolution mechanisms.

The template ensures that both the marketing agency and the client have a clear understanding of their roles and obligations throughout the duration of the agreement. It outlines the specific services to be provided by the agency, such as market research, advertising campaigns, product promotion, and sales strategies, all tailored to facilitate the sale of goods on behalf of the client.

Important provisions related to payment terms, such as the agency's fees, invoicing procedures, and reimbursement for approved expenses, are carefully addressed to maintain transparency and fairness. The agreement may also include clauses related to additional fees, such as commissions or bonuses based on achieving specific sales targets or other agreed-upon performance indicators.

To safeguard the interests of both parties, the template will typically include provisions regarding the ownership and protection of intellectual property rights. This may cover issues such as the use of trademarks, copyrights, or any other proprietary materials related to the client's goods. Confidentiality clauses are also incorporated to ensure that all non-public information shared during the course of the agreement remains strictly confidential.

In the unfortunate event of a dispute arising between the parties, the template will outline a mechanism for resolution, promoting negotiation, mediation, or arbitration over litigation, in order to minimize costs and potential disruptions to the business relationship.

Overall, this legal template serves as a comprehensive framework for marketing agencies and clients to establish a solid foundation for their collaboration in promoting and selling goods under UK law. It provides a clear understanding of each party's rights, obligations, and expectations, helping to foster a mutually beneficial and successful business relationship.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
10
RATINGS
2
DISCUSSIONS
1

Stylist Contract

This Stylist contract template is designed for a commercial styling organisation (or an individual stylist) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of styling and styling-related services to be completed by the stylist on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the styling firm or individual stylist on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).

Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
1
RATINGS
2
DISCUSSIONS
0