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Personal Indemnity Agreement

Personal Indemnity Agreement Template for Australia

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Key Requirements PROMPT example:

Personal Indemnity Agreement

"I need a Personal Indemnity Agreement to protect me as a newly appointed director of a mining company in Western Australia, starting from March 2025, with specific coverage for environmental liability risks and regulatory compliance matters."

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Document background
The Personal Indemnity Agreement serves as a crucial legal instrument in Australian business and professional contexts, providing protection against personal liability in various situations. It is commonly used when individuals take on roles or responsibilities that may expose them to personal liability risks, such as directors, officers, or professional service providers. The document outlines the scope of protection, including specific covered events, exclusions, and claim procedures, all while ensuring compliance with Australian federal and state legislation. This agreement is particularly important in high-risk industries or positions where personal assets need protection from business-related liabilities. The agreement must be carefully drafted to ensure enforceability under Australian law while maintaining fair and reasonable terms for all parties involved.
Suggested Sections

1. Parties: Identifies and defines the Indemnifier and Indemnitee with full legal names and details

2. Background: Explains the context and purpose of the indemnity agreement

3. Definitions: Defines key terms used throughout the agreement

4. Scope of Indemnity: Details what losses, damages, or liabilities are covered by the indemnity

5. Duration: Specifies the term of the indemnity and when it comes into effect

6. Indemnifier's Obligations: Lists specific obligations and responsibilities of the indemnifying party

7. Claims Process: Outlines the procedure for making and handling indemnity claims

8. Limitations of Liability: Specifies any caps or exclusions to the indemnity coverage

9. Insurance Requirements: States any insurance obligations related to the indemnity

10. Governing Law: Specifies that Australian law governs the agreement and identifies relevant jurisdiction

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

Optional Sections

1. Third Party Rights: Include when the indemnity may affect or benefit third parties

2. Confidentiality: Include when the indemnity relates to confidential information or trade secrets

3. Special Conditions: Include when there are specific circumstances or conditions that affect the indemnity

4. Assignment: Include when transfer of rights under the agreement needs to be addressed

5. Dispute Resolution: Include when specific dispute resolution procedures (beyond court jurisdiction) are required

6. Force Majeure: Include when certain events should excuse performance of indemnity obligations

Suggested Schedules

1. Schedule 1 - Specific Indemnified Events: Detailed list of events, activities, or circumstances covered by the indemnity

2. Schedule 2 - Excluded Events: List of specific exclusions from the indemnity coverage

3. Schedule 3 - Insurance Requirements: Detailed insurance specifications including types, amounts, and providers

4. Schedule 4 - Claims Procedure: Detailed step-by-step process for making and handling claims

5. Appendix A - Related Agreements: Copies or references to other agreements relevant to the indemnity

6. Appendix B - Required Forms: Standard forms for claim submission or notice requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




































Clauses






























Relevant Industries

Professional Services

Construction

Financial Services

Healthcare

Legal Services

Engineering

Mining

Real Estate

Technology

Education

Consulting

Manufacturing

Transportation

Energy

Relevant Teams

Legal

Risk Management

Compliance

Corporate Governance

Human Resources

Finance

Operations

Executive Leadership

Board of Directors

Project Management

Business Development

Professional Services

Relevant Roles

Chief Executive Officer

Director

Company Secretary

Chief Financial Officer

General Counsel

Risk Manager

Compliance Officer

Board Member

Senior Executive

Department Head

Project Manager

Professional Consultant

Independent Contractor

Trustee

Partner

Managing Director

Chief Operating Officer

Senior Manager

Executive 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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