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Indemnity Form Template for England and Wales

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Key Requirements PROMPT example:

Indemnity Form

"I need an Indemnity Form to protect my construction company against potential claims arising from subcontractor work on our upcoming office development project, starting March 2025, with specific focus on health and safety incidents."

What is a Indemnity Form?

The Indemnity Form is essential in risk management and liability protection scenarios under English and Welsh law. It's commonly used when one party needs to protect another from potential financial losses, legal liabilities, or damages arising from specific circumstances. The document typically includes detailed provisions about the scope of protection, claim procedures, and any limitations. This contract type is particularly important in commercial relationships where risk allocation needs to be clearly defined and documented.

What sections should be included in a Indemnity Form?

1. Parties: Identifies the indemnifier and indemnitee with full legal names and addresses

2. Background: Explains context and purpose of the indemnity

3. Definitions: Defines key terms used in the document

4. Scope of Indemnity: Details what losses, damages, or liabilities are covered

5. Duration: Specifies how long the indemnity remains in effect

6. Governing Law: Confirms application of English and Welsh law

What sections are optional to include in a Indemnity Form?

1. Insurance Requirements: Details required insurance coverage, used when specific insurance must be maintained

2. Claims Procedure: Process for making claims, used in complex indemnities

3. Limitations and Exclusions: Specific carve-outs from indemnity, used when certain risks are excluded

4. Security Provisions: Details of any security for the indemnity, used when collateral is required

What schedules should be included in a Indemnity Form?

1. Schedule of Covered Events: Detailed list of circumstances triggering indemnity

2. Schedule of Excluded Events: Specific exclusions from indemnity coverage

3. Schedule of Insurance Requirements: Detailed insurance specifications if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions























Clauses






















Industries

Unfair Contract Terms Act 1977 (UCTA): Primary legislation regulating exclusion and limitation clauses in contracts. Sets restrictions on liability exclusions and limitations, particularly in business-to-business contracts.

Consumer Rights Act 2015: Governs fairness in consumer contracts, prohibits unfair terms, and requires transparency and prominence of contractual terms, particularly relevant if the indemnity involves consumers.

Misrepresentation Act 1967: Deals with statements made prior to contractual agreements and their impact on contract validity, affecting the enforceability of indemnity provisions.

Limitation Act 1980: Establishes statutory time limits for bringing claims and affects the duration of indemnity enforceability.

Common Law Principles: Includes the contra proferentem rule for interpreting ambiguous terms, general principles of contractual interpretation, and rules regarding consideration.

Financial Services and Markets Act 2000: Relevant legislation when the indemnity relates to financial services or regulated activities within the financial sector.

Companies Act 2006: Key legislation for indemnities involving corporate entities, particularly important for director indemnities and corporate governance.

Third Parties (Rights Against Insurers) Act 2010: Legislation governing situations where insurance is involved in the indemnity arrangement, protecting third party rights.

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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