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Deed Of Indemnity

Deed Of Indemnity Template for Austria

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Key Requirements PROMPT example:

Deed Of Indemnity

"I need a Deed of Indemnity under Austrian law for my technology company to protect our new director against all liabilities arising from their role, including third-party claims and regulatory investigations, effective from March 1, 2025."

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Document background
The Deed of Indemnity is a crucial legal instrument used in various commercial and corporate contexts under Austrian law. It is commonly employed in corporate transactions, director appointments, professional services arrangements, and risk management scenarios. The document is particularly relevant when parties need to allocate risk or provide protection against specific liabilities or losses. A Deed of Indemnity must comply with Austrian legal requirements, including those set out in the ABGB (Austrian Civil Code) and, where applicable, the UGB (Austrian Commercial Code). The document typically includes detailed provisions on the scope of indemnification, claim procedures, limitations, and enforcement mechanisms, and may be accompanied by additional security or insurance requirements depending on the specific circumstances and value of the indemnification.
Suggested Sections

1. Parties: Identification and details of the Indemnifier and the Indemnitee

2. Background: Context of the indemnity arrangement and the relationship between the parties

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

4. Indemnity: Core indemnification provisions, including scope and extent of the indemnity

5. Duration: Period for which the indemnity remains valid

6. Claims Procedure: Process for making and handling indemnity claims

7. Limitations: Any limitations on the indemnity obligation

8. Representations and Warranties: Statements of fact and promises made by the parties

9. Notices: How formal communications between parties should be made

10. Governing Law and Jurisdiction: Confirmation of Austrian law application and jurisdiction

11. Execution: Formal signing requirements and execution blocks

Optional Sections

1. Security: Include when additional security for the indemnity obligation is required (e.g., bank guarantee, parent company guarantee)

2. Insurance: Include when specific insurance requirements are needed to support the indemnity

3. Confidentiality: Include when the indemnity relates to sensitive information or trade secrets

4. Assignment: Include when transfer rights need to be specifically addressed

5. Third Party Rights: Include when third parties might be affected by or benefit from the indemnity

6. Force Majeure: Include when certain events should excuse performance of the indemnity obligations

7. Dispute Resolution: Include when specific dispute resolution procedures (e.g., arbitration) are preferred

Suggested Schedules

1. Schedule 1 - Scope of Indemnified Matters: Detailed list or description of matters covered by the indemnity

2. Schedule 2 - Claim Notice Requirements: Detailed procedures and requirements for making claims

3. Schedule 3 - Security Details: Details of any security provided (if applicable)

4. Schedule 4 - Insurance Requirements: Specific insurance requirements and minimum coverage levels (if applicable)

5. Appendix A - Form of Claim Notice: Template for making formal indemnity claims

6. Appendix B - Contact Details: Detailed contact information for notices and claims

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 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





























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Relevant Industries

Financial Services

Insurance

Banking

Construction

Manufacturing

Professional Services

Real Estate

Technology

Healthcare

Energy

Transportation

Mining

Retail

Telecommunications

Relevant Teams

Legal

Risk Management

Compliance

Finance

Corporate Secretariat

Operations

Insurance

Treasury

Corporate Governance

Mergers & Acquisitions

Relevant Roles

Chief Legal Officer

Legal Counsel

Risk Manager

Compliance Officer

Chief Financial Officer

Corporate Secretary

Director of Operations

Contract Manager

Insurance Manager

Board Member

Managing Director

Chief Risk Officer

General Counsel

Corporate Lawyer

Financial Controller

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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