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Standard Indemnity Agreement

Standard Indemnity Agreement Template for Netherlands

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Key Requirements PROMPT example:

Standard Indemnity Agreement

"I need a Standard Indemnity Agreement under Dutch law for my software company to protect against third-party IP claims, with a specific focus on open-source software usage and to be effective from March 1, 2025."

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Document background
The Standard Indemnity Agreement is essential in commercial relationships where parties seek to allocate risk and establish clear obligations for compensation in case of losses or damages. This template is specifically designed for use under Dutch law and incorporates key provisions of the Dutch Civil Code (Burgerlijk Wetboek). It is commonly used in various business contexts including corporate transactions, service agreements, and commercial partnerships. The document provides comprehensive coverage of indemnification obligations, claim procedures, and enforcement mechanisms, while ensuring compliance with Dutch legal requirements and market practice. It can be customized to address specific risks and business needs while maintaining its core purpose of risk allocation and protection.
Suggested Sections

1. Parties: Identification and details of the indemnitor (party providing indemnity) and indemnitee (party being indemnified)

2. Background: Context of the agreement and relationship between parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Scope of Indemnification: Clear description of what losses, damages, and claims are covered by the indemnity

5. Indemnification Process: Procedure for making claims and the indemnitor's obligations to defend/settle

6. Notice Requirements: Timing and method of notification for claims

7. Limitations and Exclusions: Specific limitations on the indemnity and excluded claims

8. Duration: Term of the indemnity and survival provisions

9. Governing Law and Jurisdiction: Confirmation of Dutch law application and jurisdiction for disputes

10. General Provisions: Standard clauses including severability, entire agreement, and amendments

Optional Sections

1. Multiple Indemnitors: Section addressing joint and several liability when multiple parties provide indemnity

2. Insurance Requirements: Obligations to maintain specific insurance coverage related to the indemnified risks

3. Security Provisions: Requirements for security or collateral to support the indemnity obligations

4. Third Party Rights: Provisions regarding the rights of third parties to claim under the agreement

5. Specific Claim Procedures: Detailed procedures for handling specific types of claims

6. Cross-Indemnification: Mutual indemnification provisions if both parties are providing indemnities

7. Subrogation Rights: Provisions regarding the indemnitor's rights of subrogation

8. Tax Provisions: Specific provisions regarding tax implications of indemnity payments

Suggested Schedules

1. Schedule 1: Covered Claims: Detailed list of specific types of claims covered by the indemnity

2. Schedule 2: Claim Notice Form: Standard form for submitting indemnification claims

3. Schedule 3: Contact Details: List of contact persons and addresses for notices

4. Schedule 4: Excluded Losses: Detailed list of specific exclusions from the indemnity coverage

5. Appendix A: Related Agreements: List of other agreements referenced or relevant to the indemnity

6. Appendix B: Insurance Requirements: Detailed insurance requirements including types and amounts of coverage

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
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Relevant Industries

Financial Services

Insurance

Manufacturing

Construction

Technology

Healthcare

Real Estate

Energy

Professional Services

Transportation and Logistics

Retail

Telecommunications

Relevant Teams

Legal

Compliance

Risk Management

Finance

Corporate Affairs

Operations

Commercial

Business Development

Insurance

Procurement

Project Management

Relevant Roles

Legal Counsel

Contract Manager

Risk Manager

Compliance Officer

Chief Legal Officer

Corporate Secretary

Business Development Manager

Chief Financial Officer

Commercial Director

Operations Manager

Project Manager

Insurance Manager

General Counsel

Transaction 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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