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Deed Of Indemnity Form
"I need a Deed of Indemnity Form under Irish law to protect our newly appointed director against all claims and liabilities arising from their duties, to be effective from March 1, 2025, with our company as indemnifier and comprehensive coverage for legal costs."
1. Parties: Identifies and defines the Indemnifier(s) and Indemnitee(s) with their full legal names and addresses
2. Background: Sets out the context and circumstances leading to the need for the indemnity
3. Definitions: Defines key terms used throughout the deed, including 'Loss', 'Claims', 'Indemnified Matter', etc.
4. Execution Requirements: States that the document is executed as a deed and includes the formal requirements for valid execution
5. Scope of Indemnity: Details the precise scope of the indemnification obligation, including what losses and liabilities are covered
6. Duration: Specifies the period during which the indemnity remains effective
7. Claims Procedure: Sets out the process for making claims under the indemnity, including notice requirements and timeframes
8. Payment Terms: Specifies when and how payments under the indemnity should be made
9. Enforcement: Contains provisions regarding the enforcement of the indemnity and remedies for breach
10. Governing Law and Jurisdiction: Specifies that Irish law governs the deed and Irish courts have jurisdiction
1. Multiple Indemnifiers: Required when there are multiple parties providing the indemnity, specifying if liability is joint and several
2. Limitations and Exclusions: Used when specific exclusions or monetary caps apply to the indemnity obligations
3. Insurance Requirements: Include when the indemnifier must maintain specific insurance coverage
4. Third Party Rights: Required when the indemnity is intended to benefit third parties not party to the deed
5. Subrogation Rights: Include when specifying rights of the indemnifier to step into the shoes of the indemnitee
6. Security Provisions: Used when additional security (such as guarantees or charges) is provided to support the indemnity
7. Assignment and Transfer: Include when parties need the ability to assign or transfer their rights under the indemnity
1. Schedule 1 - Specific Indemnified Matters: Detailed list of specific matters, losses, or claims covered by the indemnity
2. Schedule 2 - Claims Notification Details: Contact details and specific procedures for notifying claims
3. Schedule 3 - Form of Claim Notice: Template or prescribed format for making claims under the indemnity
4. Schedule 4 - Supporting Documents: List of relevant background documents or agreements related to the indemnified matters
5. Appendix A - Insurance Requirements: Detailed insurance requirements if applicable, including types of coverage and minimum amounts
Authors
Agreement
Business Day
Claim
Commencement Date
Confidential Information
Costs
Deed
Director
Effective Date
Encumbrance
Excluded Claims
Group
Indemnified Matters
Indemnified Person
Indemnifier
Indemnitee
Insolvency Event
Law
Liability
Loss
Notice
Officer
Parent Company
Parties
Permitted Recipients
Proceeding
Related Company
Relevant Period
Representatives
Schedule
Security Interest
Subsidiary
Tax
Term
Territory
Third Party
Third Party Claim
Transaction Documents
Execution as a Deed
Grant of Indemnity
Scope of Indemnity
Duration
Claims Procedure
Payment Obligations
Limitations of Liability
Insurance Requirements
Representations and Warranties
Confidentiality
Notice Requirements
Assignment
Third Party Rights
Further Assurance
Severability
Entire Agreement
Variation
Waiver
Costs and Expenses
Counterparts
Force Majeure
Dispute Resolution
Governing Law
Jurisdiction
Survival
Subrogation Rights
Set-off Rights
Time of the Essence
Joint and Several Liability
Financial Services
Insurance
Banking
Corporate Services
Professional Services
Manufacturing
Technology
Real Estate
Construction
Healthcare
Energy
Retail
Transportation
Mining
Agriculture
Education
Legal
Compliance
Risk Management
Corporate Governance
Finance
Executive Leadership
Board of Directors
Operations
Commercial
Insurance
Company Secretariat
Corporate Affairs
Legal Counsel
Company Secretary
Director
Chief Executive Officer
Chief Financial Officer
Risk Manager
Compliance Officer
Corporate Governance Manager
Board Member
General Counsel
Senior Legal Advisor
Commercial Director
Business Development Manager
Operations Director
Finance Manager
Insurance Manager
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