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Client Indemnity Form
"I need a Client Indemnity Form for a software development company based in Ontario, providing services to financial institutions, with specific focus on data protection and cybersecurity risks, to be effective from March 1, 2025."
1. Parties: Identifies and provides full legal details of the indemnifier and indemnitee
2. Background: Explains the context and purpose of the indemnity agreement
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Scope of Indemnity: Clearly outlines what losses, damages, or liabilities are covered by the indemnity
5. Indemnification Obligations: Details the specific obligations of the indemnifying party
6. Conditions and Limitations: Specifies any conditions that must be met for the indemnity to apply and any limitations on the indemnity
7. Notice Requirements: Outlines how and when claims must be notified to the indemnifying party
8. Duration: Specifies how long the indemnity remains in effect
9. Governing Law: Specifies that Canadian law governs the agreement and identifies applicable province
10. Execution: Signature blocks and execution requirements
1. Insurance Requirements: Required when the indemnifying party must maintain specific insurance coverage
2. Third Party Claims: Added when the agreement needs to address how third party claims will be handled
3. Exclusions: Used when specific risks or circumstances need to be explicitly excluded from the indemnity
4. Security: Include when additional security (such as a parent company guarantee) is required
5. Dispute Resolution: Added when specific dispute resolution procedures are required
6. Force Majeure: Include when certain events should excuse performance of indemnity obligations
7. Assignment: Required when transfer rights need to be addressed specifically
1. Schedule A - Scope of Services: Detailed description of services or activities covered by the indemnity
2. Schedule B - Specific Risks: Itemized list of specific risks or circumstances covered by the indemnity
3. Schedule C - Insurance Requirements: Detailed insurance requirements including types of coverage and minimum amounts
4. Appendix 1 - Notice Details: Contact information and procedures for serving notices
5. Appendix 2 - Claim Procedures: Detailed procedures for making and processing indemnity claims
Authors
Professional Services
Construction
Financial Services
Technology
Healthcare
Manufacturing
Energy
Real Estate
Consulting
Transportation
Mining
Infrastructure
Legal
Risk Management
Compliance
Finance
Operations
Procurement
Commercial
Business Development
Project Management
Corporate Affairs
Legal Counsel
Risk Manager
Compliance Officer
Contract Manager
Project Manager
Chief Financial Officer
Operations Director
Business Development Manager
Procurement Manager
General Counsel
Commercial Director
Chief Operating Officer
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