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General Indemnity Form Template for Nigeria

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Key Requirements PROMPT example:

General Indemnity Form

"I need a General Indemnity Form for a construction project in Lagos, Nigeria, where my company (as the main contractor) needs to be indemnified by our subcontractor against any potential damages or claims arising from their electrical installation work starting March 2025."

Document background
The General Indemnity Form is a crucial legal instrument in Nigerian business practice, designed to allocate and manage risks between contracting parties. It is commonly used in various commercial contexts, from construction projects to financial transactions, where one party needs protection against potential losses or liabilities arising from specific activities or circumstances. The document must comply with Nigerian federal and state laws, including contract law principles, the Limitation Act, and the Evidence Act 2011. It typically includes detailed provisions on the scope of indemnity, claim procedures, exclusions, and enforcement mechanisms. This form is particularly important in high-risk transactions or where significant financial exposure exists, and it can be adapted to suit various business relationships while maintaining its essential protective function.
Suggested Sections

1. Parties: Identifies and defines all parties to the indemnity agreement, including the Indemnitor (party providing indemnity) and Indemnitee (party being indemnified)

2. Background: Provides context for the indemnity agreement, including the relationship between the parties and the circumstances necessitating the indemnity

3. Definitions: Defines key terms used throughout the agreement for clarity and precision

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

5. Indemnification Obligations: Details the specific obligations of the Indemnitor, including timing and process for making payments

6. Exclusions: Specifies what is not covered by the indemnity agreement

7. Notice Requirements: Procedures for notifying the Indemnitor of claims and the timeframe for such notifications

8. Defense of Claims: Procedures for handling third-party claims and the rights/obligations regarding legal defense

9. Duration: Specifies how long the indemnity obligations remain in effect

10. Governing Law and Jurisdiction: Specifies that Nigerian law governs the agreement and establishes jurisdiction for disputes

11. Execution: Signature blocks and execution formalities

Optional Sections

1. Insurance Requirements: Required when the Indemnitor must maintain specific insurance coverage to support the indemnity

2. Security: Used when additional security (such as a bank guarantee) is required to support the indemnity obligations

3. Step-In Rights: Included when the Indemnitee needs the right to take over certain obligations or actions

4. Cross-Indemnification: Used when both parties are providing reciprocal indemnities

5. Survival: Included when certain provisions need to survive the termination of the agreement

6. Assignment: Required when transfer of indemnity rights needs to be addressed

7. Force Majeure: Included when certain events should excuse or suspend indemnity obligations

Suggested Schedules

1. Schedule of Specific Risks: Detailed list of specific risks or circumstances covered by the indemnity

2. Schedule of Excluded Claims: Detailed list of specific exclusions from the indemnity coverage

3. Schedule of Insurance Requirements: Detailed specifications of required insurance coverage

4. Schedule of Pre-Existing Claims: List of known claims or circumstances that exist at the time of signing

5. Appendix A - Claim Notification Form: Standard form for notifying claims under the indemnity

6. Appendix B - Corporate Authorizations: Copies of corporate authorizations required for the agreement

Authors

Alex Denne

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

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Relevant Industries

Construction

Manufacturing

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Relevant Teams

Legal

Risk Management

Finance

Compliance

Operations

Commercial

Corporate Secretariat

Insurance

Project Management

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Executive Leadership

Procurement

Relevant Roles

Legal Counsel

Risk Manager

Chief Financial Officer

Contract Manager

Project Manager

Chief Executive Officer

Company Secretary

Compliance Officer

Operations Director

Commercial Director

Finance Manager

Business Development Manager

Insurance Manager

Corporate Lawyer

General Counsel

Chief Risk Officer

Chief Operations Officer

Industries








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