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Hold Harmless Indemnity Agreement Template for Ireland

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Key Requirements PROMPT example:

Hold Harmless Indemnity Agreement

"I need a Hold Harmless Indemnity Agreement for my software development company to protect us from liability when providing IT consulting services to a large financial institution, with specific coverage for data security incidents and intellectual property claims."

Document background
The Hold Harmless Indemnity Agreement is a crucial risk management tool used in various business relationships under Irish law. It is particularly valuable when parties need to allocate risk in commercial relationships, construction projects, service agreements, or property usage arrangements. The document provides a comprehensive framework for risk transfer, detailing the scope of protection, claim procedures, and parties' obligations. This agreement type is commonly used when one party wishes to be protected from potential liabilities arising from specific activities or relationships. The document must comply with Irish contract law principles, the Civil Liability Act 1961, and relevant EU regulations. It typically includes specific provisions for notice requirements, claims handling procedures, and may also address insurance requirements to support the indemnification obligations.
Suggested Sections

1. Parties: Identifies and defines the Indemnitor (party providing indemnity) and Indemnitee (party being indemnified), including full legal names and addresses

2. Background: Explains the context and purpose of the agreement, including the relationship between the parties and the activities or circumstances giving rise to the need for indemnification

3. Definitions: Defines key terms used throughout the agreement, including 'Indemnified Events', 'Losses', 'Claims', and other relevant terminology

4. Scope of Indemnification: Details the specific activities, events, or circumstances covered by the indemnity, and the extent of protection provided

5. Indemnification Obligations: Specifies the Indemnitor's obligations, including defense obligations, payment of losses, and handling of claims

6. Exclusions and Limitations: Outlines specific exclusions from the indemnity coverage and any limitations on the indemnification obligations

7. Notice Requirements: Sets forth the procedures and timeframes for notifying the Indemnitor of claims or potential claims

8. Claims Procedures: Details the process for handling claims, including defense procedures, settlement authority, and cooperation requirements

9. Duration: Specifies the term of the agreement and any survival provisions

10. Governing Law and Jurisdiction: Establishes Irish law as the governing law and specifies jurisdiction for dispute resolution

Optional Sections

1. Insurance Requirements: Required when the Indemnitor must maintain specific insurance coverage to support the indemnification obligations

2. Third Party Rights: Needed when the indemnification extends to affiliates or other third parties

3. Subrogation Waiver: Include when parties agree to waive rights of subrogation against each other

4. Force Majeure: Add when certain events beyond parties' control should affect indemnification obligations

5. Alternative Dispute Resolution: Include when parties wish to specify mediation or arbitration procedures before litigation

6. Severability: Important when there's risk that certain provisions might be found unenforceable

7. Confidentiality: Include when the agreement involves confidential information or trade secrets

Suggested Schedules

1. Schedule A - Covered Activities: Detailed list of specific activities, operations, or circumstances covered by the indemnification

2. Schedule B - Excluded Events: Comprehensive list of events or circumstances specifically excluded from the indemnification

3. Schedule C - Insurance Requirements: Detailed specifications of required insurance coverage, including types, amounts, and conditions

4. Schedule D - Claims Procedures: Step-by-step procedures for handling claims, including relevant forms and contact information

5. Appendix 1 - Related Entities: List of affiliated entities covered by or excluded from the indemnification provisions

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

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Relevant Industries

Construction

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Healthcare

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Relevant Teams

Legal

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Operations

Compliance

Finance

Procurement

Commercial

Business Development

Facilities Management

Project Management

Insurance

Corporate Affairs

Relevant Roles

Legal Counsel

Risk Manager

Contract Manager

Chief Legal Officer

Operations Director

Project Manager

Compliance Officer

Insurance Manager

Commercial Director

Facilities Manager

Chief Financial Officer

Business Development Manager

Property Manager

Procurement Manager

General Counsel

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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