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Affidavit Of Loss And Indemnity Agreement

Affidavit Of Loss And Indemnity Agreement Template for Nigeria

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Key Requirements PROMPT example:

Affidavit Of Loss And Indemnity Agreement

"I need an Affidavit of Loss and Indemnity Agreement for XYZ Corporation to declare the loss of 1000 share certificates (numbers 5001-6000) and indemnify the company registrar, with the document to be executed by our Corporate Secretary in Lagos, Nigeria by March 15, 2025."

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Document background
The Affidavit of Loss and Indemnity Agreement is a crucial legal document used in Nigeria when individuals or organizations need to formally declare the loss of important documents or items while providing protection to other parties who may be affected by such loss. This document type is commonly required by banks, government agencies, and corporations when handling cases of lost certificates, titles, or other valuable documents. The agreement must comply with Nigerian legal requirements for sworn statements and include specific indemnification clauses to protect the receiving party against potential claims or damages arising from the loss. It's particularly important in situations involving lost share certificates, title documents, bank cards, or official credentials, where the risk of unauthorized use or fraud must be mitigated.
Suggested Sections

1. Title and Venue: Formal title of the affidavit and jurisdiction details

2. Parties: Details of the deponent/indemnifier and the party being indemnified

3. Background: Context of the relationship between parties and the general circumstance

4. Definitions: Key terms used throughout the document

5. Declaration of Identity: Formal statement of deponent's identity and authority

6. Details of Lost Item: Specific description and identification of the lost item

7. Circumstances of Loss: Detailed account of how and when the loss occurred

8. Efforts to Locate: Description of steps taken to find the lost item

9. Indemnification Clause: Core indemnity provisions protecting the indemnified party

10. Representations and Warranties: Statements of truth regarding the loss and future obligations

11. Duration of Indemnity: Period for which the indemnity remains valid

12. Governing Law: Specification of Nigerian law as governing law

13. Verification and Oath: Formal sworn statement and signature section

Optional Sections

1. Corporate Authorization: Required when the indemnifier is a corporate entity, including board resolutions

2. Additional Indemnifiers: Used when multiple parties provide indemnity

3. Specific Regulatory Compliance: Required for regulated items like share certificates or banking documents

4. Police Report Reference: When a police report has been filed regarding the loss

5. Public Notice Declaration: When public notices of loss have been published

6. Recovery Procedures: Procedures to follow if the lost item is found

7. Special Undertakings: Additional promises specific to the type of lost item

Suggested Schedules

1. Schedule 1 - Description of Lost Item: Detailed technical description and identifiers of the lost item

2. Schedule 2 - Supporting Documents: List of attached supporting documents (police reports, newspaper publications, etc.)

3. Schedule 3 - Corporate Documents: Copies of relevant corporate authorizations if applicable

4. Appendix A - Form of Public Notice: Copy of public notice published regarding the loss

5. Appendix B - Search Evidence: Documentation of efforts made to locate the lost item

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

Banking and Financial Services

Insurance

Corporate Services

Government and Public Sector

Education

Healthcare

Transportation

Real Estate

Securities and Investment

Manufacturing

Telecommunications

Relevant Teams

Legal

Compliance

Risk Management

Administrative Services

Corporate Secretariat

Customer Service

Operations

Document Control

Records Management

Human Resources

Relevant Roles

Legal Counsel

Corporate Secretary

Compliance Officer

Risk Manager

Bank Manager

Administrative Officer

Document Control Officer

Securities Officer

Customer Service Manager

Operations Manager

Human Resources Manager

Records Manager

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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