Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Tax Indemnity Agreement
"I need a Tax Indemnity Agreement for the sale of my Nigerian manufacturing company, where the buyer requires protection against any pre-closing tax liabilities up to January 2025, with specific coverage for ongoing tax audits related to our export operations."
1. Parties: Identification of the Indemnitor and Indemnitee, including full legal names and addresses
2. Background: Context of the agreement, including the underlying transaction or relationship giving rise to the tax indemnity
3. Definitions and Interpretation: Definitions of key terms including 'Tax', 'Tax Authority', 'Tax Liability', 'Indemnified Taxes', and interpretation rules
4. Scope of Indemnity: Detailed description of the tax liabilities covered by the indemnity and any exclusions
5. Indemnification Obligations: Core provisions detailing the Indemnitor's obligations to pay, defend, and hold harmless the Indemnitee
6. Tax Treatment of Payments: Provisions addressing the tax treatment of indemnity payments and gross-up mechanisms if applicable
7. Payment Mechanics: Procedures and timeframes for making indemnity payments, including currency and payment methods
8. Claims Procedure: Process for notifying and handling tax claims, including cooperation between parties
9. Duration and Survival: Term of the indemnity and which provisions survive termination
10. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
11. General Provisions: Standard provisions including notices, amendments, assignment, and severability
1. Third Party Claims: Additional procedures for handling tax claims involving third parties - include when third-party claims are likely
2. Security: Provisions for security or collateral to support the indemnity - include for high-value indemnities or where Indemnitor creditworthiness is a concern
3. Tax Records and Access: Obligations regarding maintenance and access to tax records - include for complex tax situations or long-term arrangements
4. Cross-Border Provisions: Specific provisions for international tax implications - include when parties are in different jurisdictions
5. Dispute Resolution: Detailed dispute resolution procedures including arbitration - include for high-value agreements or when preferred over court litigation
6. Change in Law: Provisions addressing changes in tax laws or regulations - include when agreement spans multiple years
1. Schedule 1 - Covered Taxes: Detailed list of specific taxes covered by the indemnity
2. Schedule 2 - Excluded Tax Liabilities: List of tax liabilities specifically excluded from the scope of the indemnity
3. Schedule 3 - Claims Procedures: Detailed procedures for making and responding to tax indemnity claims
4. Schedule 4 - Form of Notice: Template for tax claim notices and other required notifications
5. Appendix A - Power of Attorney: Standard form of power of attorney for tax matters (if required)
6. Appendix B - Relevant Tax Documentation: Copies or lists of relevant tax assessments, returns, or other key tax documents
Authors
Financial Services
Oil and Gas
Manufacturing
Real Estate
Technology
Telecommunications
Mining
Agriculture
Healthcare
Construction
Retail
Transportation and Logistics
Energy
Professional Services
Legal
Finance
Tax
Compliance
Risk Management
Treasury
Corporate Development
Mergers & Acquisitions
Company Secretariat
Internal Audit
Chief Financial Officer
Tax Director
Legal Counsel
Corporate Lawyer
Tax Manager
Finance Director
Compliance Officer
Risk Manager
Treasury Manager
Financial Controller
Company Secretary
Tax Consultant
Mergers & Acquisitions Director
Corporate Finance Manager
Chief Legal Officer
Find the exact document you need
Tax Indemnity Agreement
A Nigerian law-governed agreement establishing tax indemnification obligations between parties, including protection against specified tax liabilities and compliance with Nigerian tax regulations.
Transfer Pricing Agreement
An agreement governing transfer pricing arrangements between related entities in Nigeria, ensuring compliance with local transfer pricing regulations and tax laws.
Engagement Letter For Tax Services
A Nigerian-compliant professional letter establishing terms and conditions for the provision of tax services between a tax advisory firm and its client.
Payment Plan Installment Agreement
A Nigerian law-governed agreement establishing structured repayment terms through scheduled installments between a creditor and debtor.
Direct Debit Installment Agreement
A Nigerian law-governed agreement establishing automated recurring payments from a debtor's account to a creditor through direct debit authorization.
Bilateral Advance Pricing Agreement
A binding agreement under Nigerian law between FIRS, a foreign tax authority, and a taxpayer establishing agreed transfer pricing methodologies for cross-border transactions.
Tax Funding Agreement
A Nigerian law-governed agreement establishing tax funding arrangements within corporate groups, including payment mechanisms and compliance requirements.
Tax Exchange Information Agreement
A bilateral agreement establishing tax information exchange procedures between Nigeria and another jurisdiction, ensuring compliance with Nigerian and international tax transparency standards.
Tax Consulting Engagement Letter
A Nigerian-compliant engagement letter template for tax consulting services, establishing professional terms and scope between tax consultants and clients.
Tax Allocation Agreement
A Nigerian law-governed agreement establishing tax revenue allocation mechanisms between governmental entities and authorities.
Tax Payment Agreement
A legally binding agreement under Nigerian law between a taxpayer and tax authority establishing structured payment terms for outstanding tax liabilities.
Advance Price Agreement
A binding agreement between a taxpayer and Nigerian tax authorities (FIRS) establishing approved transfer pricing methodologies for related-party transactions.
Fuel Tax Agreement
A Nigerian law-governed agreement establishing fuel tax obligations and compliance requirements between tax authorities and fuel industry participants.
Installment Payment Agreement
A Nigerian law-governed agreement establishing terms for structured installment payments between parties, including payment schedules, interest rates, and enforcement provisions.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.