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Deed Of Indemnity Form

Deed Of Indemnity Form Template for New Zealand

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Key Requirements PROMPT example:

Deed Of Indemnity Form

"I need a Deed of Indemnity Form under New Zealand law to protect our company directors and officers against potential claims arising from their duties, with comprehensive coverage for all subsidiaries and affiliated entities from March 2025."

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Document background
The Deed of Indemnity Form is a crucial legal instrument in New Zealand's commercial and corporate landscape, designed to provide formal protection against potential losses or liabilities. This document is commonly used in various contexts, including corporate governance (protecting directors and officers), commercial transactions (safeguarding parties in business deals), and professional services (protecting advisors or service providers). The deed must comply with New Zealand's legal framework, particularly the Property Law Act 2007 and related legislation. It typically includes detailed provisions on the scope of indemnification, claim procedures, duration of protection, and enforcement mechanisms. The document is essential for risk management and liability protection, offering parties a robust legal framework for allocating and managing potential risks and liabilities.
Suggested Sections

1. Parties: Identifies all parties to the deed, including the indemnifier(s) and the indemnified party(ies)

2. Background: Sets out the context and circumstances leading to the indemnity arrangement

3. Definitions and Interpretation: Defines key terms used in the deed and establishes interpretation principles

4. Indemnity: Core section detailing the scope and nature of the indemnity obligations

5. Duration: Specifies the period during which the indemnity remains effective

6. Claims Procedure: Outlines the process for making and handling indemnity claims

7. Representations and Warranties: States the representations and warranties given by each party

8. Costs and Expenses: Addresses the allocation of costs related to the deed and any claims

9. General Provisions: Contains standard boilerplate clauses including notices, amendments, governing law, etc.

10. Execution: Formal execution block for signing and witnessing requirements

Optional Sections

1. Security: Used when specific security arrangements are required to support the indemnity obligations

2. Insurance: Included when specific insurance requirements are imposed on the indemnifier

3. Multiple Indemnifiers: Required when there are multiple indemnifiers to address joint and several liability

4. Limitation of Liability: Optional caps or limitations on the indemnity obligations

5. Confidentiality: Required when specific confidentiality obligations need to be imposed

6. Assignment and Transfer: Included when transfer rights need to be specifically addressed

7. Dispute Resolution: Optional detailed dispute resolution procedures beyond court jurisdiction

Suggested Schedules

1. Schedule 1: Indemnified Matters: Detailed list or description of matters covered by the indemnity

2. Schedule 2: Claims Procedure: Detailed process for notification and handling of claims

3. Schedule 3: Security Details: Details of any security provided (if applicable)

4. Appendix A: Form of Claim Notice: Template for making claims under the deed

5. Appendix B: Related Agreements: Copies or details of related agreements referenced in the deed

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

Financial Services

Professional Services

Construction

Manufacturing

Technology

Healthcare

Real Estate

Energy

Mining

Transportation

Education

Non-Profit Organizations

Insurance

Legal Services

Relevant Teams

Legal

Risk Management

Compliance

Corporate Governance

Finance

Executive Leadership

Board of Directors

Company Secretariat

Insurance

Operations

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Company Director

Company Secretary

Legal Counsel

Risk Manager

Compliance Officer

Board Member

Trustee

Corporate Advisor

General Manager

Managing Director

Professional Consultant

Insurance Manager

Operations Director

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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