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 Indemnification Agreement
"I need a Tax Indemnification Agreement under Pakistani law for a manufacturing company acquisition, where the seller will indemnify the buyer against any pre-closing tax liabilities incurred before March 2025, including specific provisions for sales tax and customs duties."
1. Parties: Identification of the indemnitor and indemnitee, including their legal status and registration details
2. Background: Context of the agreement, including the underlying transaction or relationship giving rise to potential tax liability
3. Definitions: Detailed definitions of key terms including 'Tax', 'Tax Authority', 'Tax Liability', 'Indemnified Taxes', and other relevant terms
4. Scope of Indemnification: Specific description of the tax liabilities covered by the indemnification
5. Indemnification Obligations: Detailed provisions outlining the indemnitor's obligations to pay, reimburse, or hold harmless the indemnitee
6. Tax Notice and Claims Procedure: Process for notifying tax claims, handling assessments, and managing tax authority communications
7. Payment Terms: Timing and method of indemnification payments, including currency and payment mechanics
8. Dispute Resolution: Procedures for resolving disputes related to tax indemnification claims
9. Term and Termination: Duration of the agreement and circumstances for termination
10. Governing Law and Jurisdiction: Confirmation of Pakistani law as governing law and jurisdiction for disputes
1. Cross-Border Provisions: Additional provisions for international tax implications, required when parties are from different jurisdictions
2. Multiple Tax Jurisdiction Provisions: Specific provisions for handling tax obligations across different Pakistani provinces or international territories
3. Tax Contest Rights: Provisions regarding the right to contest tax assessments, needed when active participation in tax disputes is anticipated
4. Survival Clause: Specific provisions about which obligations survive termination, particularly relevant for long-term tax exposures
5. Security Provisions: Requirements for security or collateral to support indemnification obligations, useful for high-value indemnities
6. Assignment and Transfer: Provisions regarding the ability to assign rights under the agreement, important for corporate restructuring scenarios
1. Schedule A - Covered Taxes: Detailed list of specific taxes covered under the indemnification
2. Schedule B - Excluded Taxes: List of taxes specifically excluded from the scope of indemnification
3. Schedule C - Calculation Methodology: Detailed methodology for calculating tax liability and indemnification amounts
4. Schedule D - Claims Procedure: Step-by-step procedure for making and processing indemnification claims
5. Appendix 1 - Contact Details: Contact information for key personnel handling tax matters and notices
6. Appendix 2 - Required Documentation: List of documents required for making indemnification claims
Authors
Financial Services
Manufacturing
Real Estate
Energy and Resources
Technology
Telecommunications
Healthcare
Infrastructure
Mining
Retail and Consumer
Agriculture
Professional Services
Construction
Import/Export
Transportation and Logistics
Legal
Finance
Tax
Compliance
Risk Management
Treasury
Corporate Affairs
Accounting
Internal Audit
Corporate Development
Chief Financial Officer
Tax Director
Legal Counsel
Corporate Lawyer
Finance Manager
Tax Manager
Compliance Officer
Risk Manager
Financial Controller
Corporate Secretary
Treasury Manager
Accounts Manager
Tax Consultant
Managing Director
Business Development Manager
Investment Manager
Find the exact document you need
Tax Installment Agreement
A legally binding agreement under Pakistani law between the Federal Board of Revenue and a taxpayer establishing terms for paying tax liabilities in installments.
Installment Payment Contract
A Pakistani law-governed agreement establishing terms for payment in installments, including payment schedule, interest rates, and security arrangements.
Advance Price Agreement
A binding agreement under Pakistani law establishing transfer pricing methodologies between taxpayers and tax authorities for cross-border related-party transactions.
Fuel Tax Agreement
A regulatory agreement governing fuel taxation compliance and reporting requirements in Pakistan's petroleum sector.
Tax Indemnification Agreement
A Pakistani law-governed agreement establishing tax indemnification obligations between parties, defining tax risk allocation and protection mechanisms under local tax regulations.
Tax Sharing Agreement
A Pakistani law-governed agreement establishing the framework for sharing tax revenues or liabilities between multiple parties.
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.