Document background
The Indemnity Employment Contract is designed for use in employment relationships where specific risk allocation and protection mechanisms are necessary for either or both parties. This document is particularly relevant in Malaysia where employment relationships are governed by the Employment Act 1955 and related legislation. It combines standard employment terms with comprehensive indemnity provisions that protect parties against specific risks, losses, or liabilities arising from the employment relationship. The contract is commonly used for senior positions, roles involving significant decision-making authority, or positions where the employee may be exposed to particular risks or liabilities. It includes detailed terms regarding employment conditions, responsibilities, compensation, and specific circumstances triggering indemnification obligations, all while ensuring compliance with Malaysian employment law requirements.
