General Indemnity Agreement
  • About this Agreement
    • Who is Indemnitee?
    • Who is Indemnifier?
    • Indemnification Details
    • Miscellaneous
  • Complete the Document
    • Template's Format

Who is Indemnitee?

  • A first party (also known as a protected party under this Agreement or Indemnitee) is:

    !

    The Indemnitee is the person or entity protected under this Agreement, who is entitled to receive indemnification or compensation for losses, damages, claims, or liabilities arising from specified activities, transactions, or events.

    In other words, the Indemnitee is the party whose financial or legal risks are covered by the Indemnifier.

  • Indicate the full name of Indemnitee:

  • Indicate the full name of a company/business (Indemnitee):

  • Indicate the full mailing address of Indemnitee:

Who is Indemnifier?

  • A second party who is reimbursing the first party (Indemnifier) is:

  • Indicate the full name of Indemnifier:

  • Indicate the full name of a company/business (Indemnifier):

  • Indicate the full mailing address of Indemnifier:

  • Should the Indemnifier obtain professional indemnity insurance coverage to fulfill its obligations under this Agreement?

    !

    Indemnification insurance coverage is a type of insurance that protects an individual or entity (the Indemnifier) from financial loss or liability arising from claims for which they have agreed to provide indemnification under a contract.

Indemnification Details

  • The Indemnifier agrees to fully indemnify the Indemnitee from any and all claims, actions and lawsuits arising out:

    !

    To indemnify means to protect, compensate, or hold someone harmless from loss, damage, or liability.

    In legal and contractual contexts, it usually involves one party (the Indemnifier) agreeing to cover costs, damages, or legal claims incurred by another party (the Indemnitee) under specified circumstances.

  • Describe in detail the services provided by the Indemnitee for which the Indemnitee is indemnified under this Agreement:

  • Describe in detail the services received by the Indemnitee and for which the Indemnitee is indemnified under this Agreement:

  • Indicate a property's address used by the Indemnitee and for which the Indemnitee is indemnified under this Agreement:

  • Describe in detail the transactions in which Indemnitee participates and for which the Indemnitee is indemnified under this Agreement:

  • Describe in detail the activity in which Indemnitee participates and for which the Indemnitee is indemnified under this Agreement:

  • Should the Indemnitee also be indemnified against any criminal proceedings or claims arising from the transactions or activities described above?

    !

    This question asks whether the Indemnitee should be protected from legal or financial consequences if criminal proceedings or claims arise from the activities or transactions outlined above.

    Answering “yes” extends the indemnification to cover potential criminal liability, while “no” limits protection to civil claims, losses, or damages only.

  • Shall this Agreement establish the maximum amount of indemnification to be paid?

    !

    This question determines whether the Agreement should set a limit on the total amount the Indemnifier is required to pay under the indemnification provisions.

    Establishing a maximum indemnification cap can help manage financial risk, clarify obligations, and prevent unlimited liability, while leaving it unset may provide broader protection for the Indemnitee.

  • Indicate the maximum indemnification amount, in U.S. dollars:

Miscellaneous

  • Select the date on which both parties sign this Agreement:

  • Select the name of a state which laws shall apply to this Agreement:

    !

    Parties are free to select any state they prefer to. However, the most common options would be the following:

    – a state where either party to this agreement is located or resides;
    – a state where a claim or liability arises etc.

  • This Agreement shall terminate automatically on:

  • Select the date on which this Agreement shall expire:

  • Describe in detail the events upon the occurrence of which this Agreement shall terminate:

  • Specify the duration of this Agreement in months or years, upon the expiration of which it shall automatically terminate:

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