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Deed Of Indemnity Form

Deed Of Indemnity Form Template for England and Wales

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Key Requirements PROMPT example:

Deed Of Indemnity Form

"I need a Deed of Indemnity Form to protect our company directors against personal liability arising from their roles, with specific coverage for regulatory investigations and third-party claims, to be effective from March 2025."

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Document background
A Deed Of Indemnity Form is a crucial legal instrument under English and Welsh law, commonly used when one party needs to provide financial protection or risk coverage to another. This document is particularly relevant in corporate transactions, director appointments, or commercial arrangements where risk allocation is essential. The deed format is specifically chosen as it provides enhanced enforceability and doesn't require consideration to be valid. It must comply with specific execution requirements under English law and typically includes detailed provisions about the scope of protection, claim procedures, and any limitations.
Suggested Sections

1. Parties: Identifies the indemnifier and indemnitee with full legal names and addresses

2. Background: Sets out the context and circumstances leading to the indemnity

3. Definitions: Defines key terms used throughout the deed

4. Indemnity: Core provision detailing the scope and nature of the indemnity

5. Duration: Period for which the indemnity remains valid

6. Execution: Formal execution blocks for parties to sign as a deed

Optional Sections

1. Claims Procedure: Process for making claims under the indemnity - used for complex indemnities or where specific claim procedures are required

2. Insurance: Requirements for insurance coverage - used when indemnity is linked to insurance obligations

3. Limitations: Specific limitations on the indemnity - used when caps or exclusions apply to the indemnity

4. Security: Details of any security provided - used when the indemnity is secured by assets or guarantees

Suggested Schedules

1. Schedule of Indemnified Matters: Detailed list of specific matters covered by the indemnity

2. Schedule of Insurance Requirements: Specific insurance requirements and minimum coverage levels

3. Form of Claim Notice: Template for making claims under the indemnity

4. Security Documents: Copies of related security documents or guarantees

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



























Industries

Law of Property Act 1925: Key legislation governing requirements for valid execution of deeds and formalities regarding property-related matters in England and Wales

Law of Property (Miscellaneous Provisions) Act 1989: Legislation specifying requirements for deeds to be in writing and formal requirements for execution

Companies Act 2006: Comprehensive legislation covering execution of documents by companies, directors' duties and indemnities, and provisions protecting directors from liability

Limitation Act 1980: Legislation establishing time limits for bringing claims and limitation periods for enforcement of legal rights

Unfair Contract Terms Act 1977: Legislation governing reasonableness of indemnity provisions and limitations on exclusion of liability

Common Law Principles: Established legal principles covering indemnification, privity of contract, and doctrine of consideration

Financial Services and Markets Act 2000: Legislation relevant when the indemnity relates to regulated financial activities

Contracts (Rights of Third Parties) Act 1999: Legislation governing third-party rights under the indemnity agreement

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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