The Reciprocal Indemnity Agreement is essential in business relationships where parties engage in activities that could result in mutual risks or potential liabilities. This document, governed by German law, is commonly used in complex commercial arrangements where both parties seek to establish clear risk allocation mechanisms. It provides detailed frameworks for mutual protection against losses, damages, or third-party claims arising from specified activities or circumstances. The agreement ensures compliance with German legal requirements, particularly the German Civil Code (BGB) provisions on liability and contractual obligations. It is particularly valuable in industries with significant operational risks or in joint business ventures where parties need to clearly define their respective indemnification obligations and risk-sharing arrangements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement and relationship between the parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Agreement: Overall purpose and scope of the reciprocal indemnification
5. Indemnification Obligations of Party A: Specific indemnification obligations of the first party
6. Indemnification Obligations of Party B: Specific indemnification obligations of the second party
7. Limitations of Liability: Scope and limitations of the indemnification obligations
8. Claims Procedure: Process for making and handling indemnification claims
9. Duration and Termination: Term of the agreement and termination provisions
10. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction
11. Notice Requirements: Communication procedures for claims and other notices
12. General Provisions: Standard contractual provisions including severability, entire agreement, and amendments
1. Insurance Requirements: Requirements for insurance coverage to support indemnification obligations
2. Third Party Claims: Specific procedures for handling third party claims
3. Confidentiality: Provisions for handling confidential information if shared during claims process
4. Force Majeure: Provisions for circumstances outside parties' control affecting indemnification obligations
5. Parent Company Guarantee: Additional guarantees from parent companies if required
6. Alternative Dispute Resolution: Mediation or arbitration procedures before court litigation
7. Special Industry Requirements: Industry-specific indemnification requirements or limitations
1. Schedule 1: Specific Indemnified Events: Detailed list of events or circumstances covered by the indemnification
2. Schedule 2: Excluded Events: List of specific exclusions from the indemnification obligations
3. Schedule 3: Claims Handling Procedure: Detailed procedure for processing and managing claims
4. Schedule 4: Contact Information: Designated contacts and addresses for notices and claims
5. Appendix A: Insurance Certificates: Copies of required insurance certificates if applicable
6. Appendix B: Corporate Authorizations: Required corporate authorizations and powers of attorney
Find the exact document you need
Reciprocal Indemnity Agreement
A German law-governed agreement establishing mutual indemnification obligations between two parties, with specific provisions for risk allocation and claims procedures.
Download
Mutual Indemnity And Waiver Of Recourse Agreement
A German law-governed agreement establishing mutual indemnities and waivers of recourse between parties, with associated insurance and claims procedures.
Download
Receipt Release Refunding And Indemnification Agreement
A German law-governed agreement combining receipt acknowledgment, release of claims, refunding terms, and indemnification provisions.
Download
Indemnity Confidentiality Agreement
German law-governed agreement combining confidentiality obligations with indemnification provisions to protect sensitive information and establish breach remedies.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)