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The Environmental Indemnification Agreement is a crucial legal instrument used in New Zealand business transactions where environmental risks need to be allocated between parties. This document type is particularly relevant in property transactions, corporate acquisitions, or operational agreements where historical or potential future environmental liabilities exist. The agreement provides comprehensive protection by detailing the scope of environmental indemnification, incorporating requirements under New Zealand's environmental regulatory framework, and establishing clear procedures for handling environmental claims and remediation obligations. It is essential for businesses operating in environmentally sensitive sectors or dealing with properties that may have environmental concerns, ensuring compliance with New Zealand's strict environmental protection standards while providing clarity on liability allocation and risk management procedures.

1. Parties: Identification of the indemnitor and indemnitee, including their legal status and contact details

2. Background: Context of the agreement, including relevant property/site details, historical environmental conditions, and purpose of the indemnification

3. Definitions and Interpretation: Detailed definitions of key terms including 'Environmental Law', 'Contamination', 'Environmental Harm', 'Environmental Claims', and interpretation clauses

4. Scope of Indemnification: Detailed description of what environmental matters are covered by the indemnity, including temporal scope and geographical boundaries

5. Indemnification Obligations: Specific obligations of the indemnitor, including financial responsibilities, remediation obligations, and response requirements

6. Environmental Representations and Warranties: Statements about current environmental conditions, compliance with environmental laws, and existing known issues

7. Notice and Claims Procedures: Process for notifying and handling environmental claims, including timelines and documentation requirements

8. Investigation and Remediation: Procedures for investigating environmental issues and implementing remediation measures

9. Access and Information Rights: Rights of parties to access property and information for environmental assessment and remediation

10. Duration and Survival: Term of the agreement and which provisions survive termination

11. Insurance Requirements: Environmental insurance obligations and minimum coverage requirements

12. Dispute Resolution: Procedures for resolving disputes related to environmental claims or remediation

13. General Provisions: Standard contractual provisions including governing law, assignment, amendments, and notices