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Deed Of Indemnity

Deed Of Indemnity Template for New Zealand

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Key Requirements PROMPT example:

Deed Of Indemnity

"I need a Deed of Indemnity for our New Zealand technology company to indemnify our newly appointed board directors, with specific coverage for cyber security incidents and regulatory compliance matters."

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Document background
The Deed of Indemnity is a crucial legal instrument in New Zealand's corporate and commercial landscape, designed to provide protection and risk allocation between parties. It is commonly used when appointing directors, in corporate restructuring, during commercial transactions, or when providing professional services. The deed creates a legally binding commitment for one party to protect another against specified losses, liabilities, or claims. This document type is particularly important in New Zealand's business environment, where directors and officers seek protection against personal liability, and companies need to manage risk effectively. The deed must comply with New Zealand legislation, including the Companies Act 1993 and Contract and Commercial Law Act 2017, and requires formal execution to be valid. It typically includes comprehensive details about the scope of indemnification, claim procedures, limitations, and enforcement mechanisms.
Suggested Sections

1. Parties: Identifies and defines all parties to the deed, including full legal names and addresses

2. Background: Sets out the context and circumstances leading to the deed of indemnity

3. Definitions and Interpretation: Defines key terms used in the deed and establishes interpretation principles

4. Indemnity: Core section detailing the scope, extent and nature of the indemnity being provided

5. Limitations and Exclusions: Specifies any limitations, caps, or exclusions to the indemnity

6. Claims Procedure: Sets out the process for making and handling indemnity claims

7. Duration and Termination: Specifies the term of the indemnity and any termination provisions

8. Confidentiality: Obligations regarding confidentiality of the deed and related information

9. Notices: Specifies how formal notices under the deed should be given and when they are deemed received

10. General Provisions: Standard boilerplate provisions including governing law, entire agreement, and amendment procedures

11. Execution: Formal execution block meeting requirements for deeds under New Zealand law

Optional Sections

1. Group Company Provisions: Include when the indemnity extends to or is given by group companies

2. Insurance Requirements: Include when specific insurance must be maintained to support the indemnity

3. Security: Include when security is required to support the indemnity obligations

4. Step-In Rights: Include when one party needs rights to step in and manage claims

5. Tax Provisions: Include when there are specific tax implications that need to be addressed

6. Assignment and Transfer: Include when transfer rights need to be specifically addressed

7. Third Party Rights: Include when rights are to be extended to or excluded from third parties

Suggested Schedules

1. Indemnified Matters: Detailed list or description of matters covered by the indemnity

2. Claims Procedures: Detailed procedures for notification and handling of claims

3. Claim Form: Standard form for making indemnity claims

4. Security Details: Details of any security provided to support the indemnity

5. Related Agreements: List of agreements related to or affected by the indemnity

6. Authorized Representatives: List of persons authorized to act in relation to the indemnity

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

































Clauses


























Relevant Industries

Financial Services

Insurance

Banking

Professional Services

Construction

Mining and Resources

Healthcare

Technology

Manufacturing

Real Estate

Education

Energy

Transportation and Logistics

Retail and Consumer Goods

Relevant Teams

Legal

Risk Management

Compliance

Corporate Governance

Executive Leadership

Board of Directors

Company Secretariat

Insurance

Finance

Internal Audit

Relevant Roles

Chief Executive Officer

Company Director

Company Secretary

Chief Financial Officer

General Counsel

Legal Counsel

Risk Manager

Compliance Officer

Corporate Governance Manager

Board Member

Trustee

Insurance Manager

Corporate Secretary

Executive Director

Non-Executive Director

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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