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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."
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
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
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
Construction
Manufacturing
Financial Services
Oil and Gas
Real Estate
Transportation
Healthcare
Technology
Mining
Agriculture
Telecommunications
Professional Services
Insurance
Energy
Infrastructure Development
Maritime
Legal
Risk Management
Finance
Compliance
Operations
Commercial
Corporate Secretariat
Insurance
Project Management
Business Development
Executive Leadership
Procurement
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
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