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Hold Harmless Indemnity Agreement

Hold Harmless Indemnity Agreement Template for New Zealand

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Key Requirements PROMPT example:

Hold Harmless Indemnity Agreement

"I need a Hold Harmless Indemnity Agreement for my construction company to protect us against liability from subcontractor activities on our upcoming Auckland commercial building project starting March 2025, with specific focus on workplace safety and property damage."

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Document background
The Hold Harmless Indemnity Agreement is a critical risk management tool in New Zealand business relationships, designed to clearly allocate liability and protect parties from specific risks. This document is commonly used in situations where one party wishes to shield another from potential losses, damages, or legal claims arising from specific activities or relationships. The agreement must comply with New Zealand law, particularly the Contract and Commercial Law Act 2017, and typically includes detailed provisions about the scope of protection, claim procedures, and exclusions. It's particularly valuable in commercial relationships involving operational risks, project execution, or service delivery, where clear liability allocation is essential for risk management and business certainty.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names and addresses

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

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

4. Scope of Indemnity: Detailed description of what losses, damages, or claims are covered by the indemnity

5. Indemnification Provisions: Specific terms of the indemnification, including trigger events and coverage extent

6. Duration: Term of the agreement and any survival provisions

7. Notice Requirements: Procedures for notifying parties of claims or potential claims

8. Cooperation: Obligations of parties to cooperate in defending claims

9. Governing Law: Specification of New Zealand law as governing law and jurisdiction

10. Execution: Signature blocks and execution requirements

Optional Sections

1. Insurance Requirements: Details of required insurance coverage to support the indemnity - include when specific insurance is required

2. Third Party Rights: Provisions regarding rights of third parties under the agreement - include when third parties might have enforcement rights

3. Alternative Dispute Resolution: Procedures for resolving disputes through mediation or arbitration - include when parties prefer alternative to court proceedings

4. Assignment: Rights and restrictions regarding assignment of the agreement - include when assignment might be relevant

5. Force Majeure: Provisions for unforeseen circumstances - include when performance might be affected by external events

6. Severability: Provisions for maintaining validity if parts are found unenforceable - include in complex agreements

Suggested Schedules

1. Schedule 1: Specific Indemnified Events: Detailed list of specific events or circumstances covered by the indemnity

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

3. Schedule 3: Insurance Requirements: Detailed insurance specifications including types, amounts, and providers

4. Appendix A: Claim Notification Form: Standard form for notifying claims under the agreement

5. Appendix B: Related Agreements: List of any related agreements referenced in the main agreement

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

Construction

Manufacturing

Professional Services

Real Estate

Healthcare

Technology

Transportation

Energy

Mining

Events Management

Financial Services

Infrastructure Development

Relevant Teams

Legal

Risk Management

Operations

Procurement

Compliance

Finance

Commercial

Business Development

Project Management

Insurance

Relevant Roles

Chief Legal Officer

Risk Manager

Contract Manager

Project Manager

Operations Director

Commercial Director

General Counsel

Legal Counsel

Compliance Officer

Business Development Manager

Chief Financial Officer

Insurance Manager

Operations Manager

Procurement 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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