Indemnity Notice for India

Indemnity Notice Template for India

A formal legal notice document governed by Indian law that serves to initiate an indemnification claim against a party who has previously agreed to provide indemnification under a separate agreement. The document details the triggering event or circumstance, quantifies the losses or damages incurred, and demands compensation as per the terms of the underlying agreement. It must comply with Indian Contract Act requirements and include all necessary elements to establish a valid claim, including reference to the original indemnity clause, proof of loss, and payment demands.

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What is a Indemnity Notice?

The Indemnity Notice is a crucial legal document used in Indian business and legal practice when one party (the indemnitee) seeks to enforce their right to compensation or protection against losses from another party (the indemnifier) based on a pre-existing agreement. This document is typically issued when a triggering event occurs that activates the indemnification clause in the original agreement. The notice must comply with Indian Contract Act, 1872, particularly sections 124-125 which govern contracts of indemnity. It serves as both a formal notification and a demand document, potentially forming the basis for legal proceedings if the claim remains unsatisfied. The document should include comprehensive details about the claim, supporting evidence, and clear payment instructions, while adhering to any notice requirements specified in the underlying agreement.

What sections should be included in a Indemnity Notice?

1. Notice Details: Date, reference number, and mode of delivery of the notice

2. Parties: Full legal names and addresses of both the indemnifier and the indemnitee

3. Reference to Underlying Agreement: Details of the original agreement containing the indemnity clause, including date and parties

4. Description of Triggering Event: Clear description of the event, loss, or circumstance triggering the indemnity claim

5. Indemnification Claim: Specific amount being claimed and basis of calculation

6. Legal Basis: Reference to specific clauses in the underlying agreement and applicable laws

7. Payment Instructions: Timeline for payment and bank account details

8. Reservation of Rights: Statement preserving right to additional claims or legal action

What sections are optional to include in a Indemnity Notice?

1. Multiple Claims Breakdown: Used when there are several distinct claims or losses being claimed under the indemnity

2. Third Party Claims: Include when the indemnification relates to third party claims against the indemnitee

3. Mitigation Measures: Description of steps taken to minimize losses, if relevant to the claim

4. Dispute Resolution Reference: Include if specific dispute resolution mechanisms are prescribed in the underlying agreement

5. Supporting Documentation List: When extensive supporting documents are attached and need to be listed

What schedules should be included in a Indemnity Notice?

1. Schedule A - Calculation of Losses: Detailed breakdown of all losses, expenses, and damages being claimed

2. Schedule B - Supporting Documents: Copies of relevant documents evidencing the loss or claim

3. Schedule C - Correspondence History: Chronological list of relevant prior communications regarding the claim

4. Appendix 1 - Original Indemnity Clause: Extract of relevant clauses from the underlying agreement

5. Appendix 2 - Evidence of Loss: Supporting evidence such as invoices, receipts, or third-party reports

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

India

Publisher

Genie AI

Document Type

Termination Notice

Cost

Free to use
Relevant Industries

Banking and Financial Services

Insurance

Manufacturing

Construction

Information Technology

Healthcare

Real Estate

Professional Services

Transportation and Logistics

Energy and Utilities

Retail and Consumer Goods

Telecommunications

Relevant Teams

Legal

Finance

Risk Management

Compliance

Corporate Affairs

Operations

Insurance

Treasury

Corporate Secretarial

Business Development

Relevant Roles

Legal Counsel

Risk Manager

Compliance Officer

Chief Financial Officer

Contract Manager

Company Secretary

Claims Manager

General Counsel

Corporate Lawyer

Finance Director

Insurance Manager

Business Development Manager

Operations Director

Project 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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