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Indemnity Form
"I need an Indemnity Form for my technology consulting company to protect against potential intellectual property claims and data breaches when providing services to a Hong Kong-based financial institution, with the agreement to commence from March 1, 2025."
1. Parties: Identification of the Indemnifier and Indemnitee with full legal names and addresses
2. Background: Context of the indemnity arrangement and the relationship between the parties
3. Definitions: Key terms used throughout the document defined for clarity and legal certainty
4. Scope of Indemnity: Clear description of what losses, damages, or liabilities are covered by the indemnity
5. Duration: Period for which the indemnity remains valid and any termination conditions
6. Claims Procedure: Process for making and handling indemnity claims, including notification requirements
7. Limitations and Exclusions: Specific limitations on the indemnity and excluded circumstances
8. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction for disputes
9. Execution: Signature blocks and execution requirements for all parties
1. Insurance Requirements: Details of required insurance coverage to support the indemnity, used when specific insurance is required
2. Third Party Rights: Provisions regarding rights of third parties under the Contract (Third Parties) Ordinance, used when third party rights need to be explicitly addressed
3. Survival: Provisions specifying which obligations survive termination of the agreement, used in complex arrangements
4. Security: Requirements for any security or guarantee to support the indemnity, used when additional financial security is required
5. Dispute Resolution: Detailed dispute resolution procedures including mediation or arbitration, used when specific dispute resolution mechanisms are preferred
6. Force Majeure: Provisions for unforeseen circumstances affecting the indemnity, used when specific events might impact the indemnity obligations
1. Schedule 1 - Specific Indemnified Events: Detailed list of specific events or circumstances covered by the indemnity
2. Schedule 2 - Claim Form Template: Standard form for submitting indemnity claims
3. Schedule 3 - Contact Details: List of relevant contact persons and their details for notices and claims
4. Appendix A - Supporting Documents: List of required supporting documents for making claims
5. Appendix B - Insurance Certificates: Copies of relevant insurance certificates where applicable
Authors
Financial Services
Construction
Real Estate
Manufacturing
Professional Services
Technology
Healthcare
Transportation and Logistics
Energy
Retail and Consumer Goods
Insurance
Education
Telecommunications
Legal
Risk Management
Compliance
Finance
Operations
Procurement
Corporate Affairs
Business Development
Insurance
Company Secretariat
Contract Management
Legal Counsel
Risk Manager
Compliance Officer
Contract Manager
Project Manager
Chief Financial Officer
Chief Operating Officer
Business Development Manager
Operations Director
Company Secretary
Insurance Manager
Procurement Manager
General Counsel
Corporate Lawyer
Finance Director
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