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Deed Of Indemnity
"I need a Deed of Indemnity under Indonesian law for our newly appointed director who will join the board in March 2025, providing comprehensive protection against all liabilities arising from their role as director of our technology company and its subsidiaries."
1. Parties: Identification of the Indemnifier (party providing the indemnity) and the Indemnitee (party being indemnified), including full legal names and addresses
2. Background: Context of the indemnity arrangement, including reference to any related agreements or circumstances giving rise to the need for indemnification
3. Definitions: Clear definitions of key terms used throughout the deed, including 'Loss', 'Claims', 'Indemnified Matters', and other relevant terms
4. Scope of Indemnity: Detailed description of what losses, damages, or liabilities are covered by the indemnity
5. Indemnification Obligations: Specific obligations of the Indemnifier, including timing and method of payment, and process for handling claims
6. Duration: Period for which the indemnity remains valid, including any survival provisions
7. Claims Procedure: Process for making and handling indemnity claims, including notice requirements and time limits
8. Limitations: Any caps, exclusions, or limitations on the indemnity obligations
9. Representations and Warranties: Basic representations about capacity and authority to enter into the deed
10. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and choice of forum for disputes
11. Execution: Formal execution blocks complying with Indonesian notarial requirements
1. Security Provisions: Include when additional security for the indemnity obligations is required, such as guarantees or charges
2. Insurance: Include when specific insurance requirements are imposed on either party
3. Multiple Indemnifiers: Include when there are multiple parties providing the indemnity, addressing joint and several liability
4. Assignment: Include when transfer rights need to be specifically addressed
5. Dispute Resolution: Include when parties want to specify alternative dispute resolution mechanisms before court litigation
6. Regulatory Compliance: Include when the indemnity relates to specific regulated activities or sectors
7. Tax Provisions: Include when tax implications of the indemnity payments need to be addressed
8. Currency Provisions: Include when indemnity payments may be made in multiple currencies
1. Schedule 1 - Specific Indemnified Matters: Detailed list of specific matters, events, or circumstances covered by the indemnity
2. Schedule 2 - Claim Notice Requirements: Detailed procedures and requirements for making claims under the deed
3. Schedule 3 - Excluded Matters: Specific exclusions or carve-outs from the indemnity coverage
4. Schedule 4 - Related Agreements: List and details of any related agreements referenced in the deed
5. Appendix A - Form of Claim Notice: Template for making formal claims under the indemnity
6. Appendix B - Power of Attorney: If required under Indonesian law for specific enforcement actions
Authors
Applicable Law
Business Day
Claim
Claim Notice
Commencement Date
Confidential Information
Control
Costs
Damages
Deed
Dispute
Effective Date
Encumbrance
Event of Default
Excluded Claims
Force Majeure Event
Governmental Authority
Indemnitee
Indemnified Matters
Indemnified Party
Indemnifier
Indemnifying Party
Liability
Loss
Material Adverse Effect
Notice
Parties
Payment Date
Permitted Assignment
Proceedings
Related Agreement
Representatives
Security Interest
Specified Events
Subsidiary
Tax
Term
Territory
Third Party
Third Party Claim
Scope of Indemnity
Term and Duration
Indemnification Obligations
Claims Procedure
Payment Terms
Limitations and Exclusions
Representations and Warranties
Confidentiality
Security
Notice Requirements
Force Majeure
Assignment
Amendments
Severability
Entire Agreement
Further Assurance
Costs and Expenses
Governing Law
Dispute Resolution
Language Requirements
Third Party Rights
Regulatory Compliance
Insurance
Time of Essence
Survival
Counterparts
Waiver
Tax Matters
Records and Inspection
Financial Services
Manufacturing
Construction
Energy and Resources
Technology
Healthcare
Real Estate
Infrastructure
Transportation
Mining
Telecommunications
Retail and Consumer Goods
Professional Services
Agriculture
Maritime
Legal
Finance
Risk Management
Compliance
Corporate Secretariat
Executive Leadership
Business Development
Operations
Project Management
Treasury
Corporate Governance
Chief Executive Officer
Chief Financial Officer
General Counsel
Corporate Secretary
Risk Manager
Compliance Officer
Board Director
Managing Director
Finance Director
Legal Counsel
Contract Manager
Company Director
Chief Risk Officer
Chief Operating Officer
Project Manager
Business Development Manager
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