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Release And Indemnity Form Template for New Zealand

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Key Requirements PROMPT example:

Release And Indemnity Form

"I need a Release and Indemnity Form for my Auckland-based adventure tourism company, covering high-risk activities like bungee jumping and skydiving, to be used starting January 2025, with specific provisions for international tourists and accident coverage."

Document background
The Release And Indemnity Form is a crucial legal instrument used in New Zealand to formally document the release of legal claims and establish indemnification obligations. This document is typically employed when parties wish to resolve existing disputes, manage potential risks, or provide protection against future claims. It is commonly used in various contexts including settlement of disputes, participation in high-risk activities, or business transactions where liability protection is essential. The document must comply with New Zealand legislation, including the Contract and Commercial Law Act 2017 and Fair Trading Act 1986, and can be customized to address specific circumstances while maintaining its enforceability under New Zealand law. It serves as a vital risk management tool for businesses and individuals, providing clear documentation of the parties' agreement regarding the release of claims and indemnification obligations.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement, including the Releasor (party giving the release) and Releasee (party being released)

2. Background: Sets out the context and circumstances leading to the release and indemnity agreement

3. Definitions: Defines key terms used throughout the document including 'Claims', 'Loss', 'Indemnified Parties', and other relevant terms

4. Release: Details the specific claims, rights, and causes of action being released

5. Indemnification: Specifies the scope and extent of the indemnification obligations

6. Acknowledgments: Contains statements acknowledging understanding of rights being waived and the binding nature of the agreement

7. Warranties: Statements of fact and promises made by the Releasor regarding their authority and capacity to give the release

8. General Provisions: Standard contractual provisions including governing law, entire agreement, and severability

9. Execution: Signature blocks and execution requirements including witness provisions

Optional Sections

1. Insurance: Details insurance requirements and obligations - include when specific insurance coverage is relevant to the release

2. Confidentiality: Provisions regarding confidentiality of the agreement terms and any related information - include when sensitive information is involved

3. Consideration: Details any payment or other consideration for the release - include when there is specific consideration beyond nominal amounts

4. Duration: Specifies the time period of the release and indemnity - include when the release is not intended to be perpetual

5. Dispute Resolution: Sets out procedures for resolving disputes - include for complex releases or high-value matters

6. Third Party Rights: Addresses rights of third parties who may benefit from the release - include when third parties are affected

7. Survival: Specifies which provisions survive termination - include when ongoing obligations exist

Suggested Schedules

1. Schedule of Released Claims: Detailed list of specific claims, incidents, or matters being released

2. Schedule of Indemnified Parties: List of additional parties covered by the indemnification provisions

3. Schedule of Assets: Description of any specific property or assets relevant to the release

4. Schedule of Excluded Claims: List of claims specifically excluded from the release

5. Independent Legal Advice Certificate: Certificate confirming independent legal advice has been received

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

Sports and Recreation

Construction

Healthcare

Education

Entertainment

Manufacturing

Professional Services

Real Estate

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Relevant Teams

Legal

Risk Management

Compliance

Human Resources

Operations

Finance

Corporate Governance

Insurance

Health and Safety

Project Management

Facilities Management

Event Management

Business Development

Relevant Roles

Legal Counsel

Risk Manager

Compliance Officer

Human Resources Manager

Operations Manager

Contract Administrator

Company Secretary

Chief Financial Officer

Chief Executive Officer

Insurance Manager

Safety Manager

Project Manager

Facility Manager

Event Coordinator

Business Development Manager

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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