Ƶ

Corporate Indemnification Agreement Template for Canada

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Corporate Indemnification Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Corporate Indemnification Agreement

I need a Corporate Indemnification Agreement for a newly appointed CEO of our Toronto-based technology company, with enhanced protection for international operations and specific coverage for regulatory investigations.

Document background
The Corporate Indemnification Agreement serves as a crucial risk management tool for Canadian corporations, providing protection to individuals who serve in leadership positions. This document becomes necessary when corporations seek to attract and retain qualified individuals for director, officer, and other key positions by offering them protection against personal liability arising from their corporate duties. The agreement supplements any indemnification provisions in the corporation's bylaws and works in conjunction with Directors and Officers (D&O) insurance policies. It must comply with both federal legislation (such as the Canada Business Corporations Act) and applicable provincial corporate statutes, which set parameters for permissible indemnification. The agreement typically includes detailed procedures for claiming indemnification, conditions for advancement of expenses, and provisions for determining entitlement to indemnification.
Suggested Sections

1. Parties: Identifies the corporation providing indemnification and the person(s) being indemnified

2. Background: Explains the context of the agreement and the relationship between the parties

3. Definitions: Defines key terms including 'Indemnified Matters', 'Proceedings', 'Expenses', and other relevant terms

4. Indemnification Obligation: Details the corporation's core obligation to indemnify, including scope and limitations

5. Advancement of Expenses: Specifies terms for advancement of legal and other expenses before final disposition

6. Notification and Defense: Procedures for notifying the corporation of claims and managing defense

7. Determination of Entitlement: Process for determining whether indemnification is appropriate in specific cases

8. Insurance: Provisions regarding D&O insurance and its relationship to indemnification

9. Duration: Term of the agreement and survival of obligations

10. General Provisions: Standard clauses including notices, amendment, assignment, governing law, etc.

Optional Sections

1. Contribution: Used when multiple parties may have indemnification obligations to address sharing of costs

2. Change in Control: Added to ensure protection continues after corporate ownership changes

3. Tax Matters: Included when specific tax treatment of indemnification payments needs to be addressed

4. Subrogation: Added when the corporation may have rights against third parties

5. Spousal Extension: Used to extend protection to spouses in jurisdictions where they might face liability

6. Severability of Invalid Provisions: Detailed severability provisions when parts of the agreement might face enforceability challenges

7. Priority of Payments: Added when multiple indemnification obligations exist to establish payment priority

Suggested Schedules

1. Schedule A - Form of Undertaking: Standard form for indemnified party to request advancement of expenses

2. Schedule B - Claim Notification Procedures: Detailed procedures for notifying corporation of claims and required information

3. Schedule C - Insurance Policies: List and details of relevant D&O insurance policies

4. Appendix 1 - Excluded Matters: Specific exclusions from indemnification coverage

5. Appendix 2 - Form of Release: Standard form for releasing corporation upon settlement or resolution

Authors

Alex Denne

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

Relevant legal definitions





































Clauses



























Relevant Industries

Financial Services

Technology

Manufacturing

Healthcare

Energy

Mining

Real Estate

Professional Services

Retail

Telecommunications

Transportation

Construction

Agriculture

Education

Relevant Teams

Legal

Corporate Governance

Compliance

Risk Management

Board Services

Executive Office

Corporate Secretary Office

Internal Audit

Human Resources

Finance

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Board Director

Independent Director

Corporate Secretary

General Counsel

Chief Legal Officer

Chief Risk Officer

Executive Vice President

Senior Vice President

Board Chair

Committee Chair

Managing Director

Chief Compliance Officer

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

Find the exact document you need

General Indemnity Agreement Surety

A Canadian-law governed agreement establishing indemnification obligations to a surety company for losses incurred through bond issuance.

find out more

Basic Indemnity Form

A Canadian legal document establishing indemnification obligations between parties, governed by federal and provincial laws, used to allocate risk and protect against potential losses.

find out more

Indemnity Agreement (Construction)

A Canadian-law governed agreement establishing indemnification obligations and risk allocation between parties in construction projects.

find out more

Hold Harmless And Indemnity Agreement

A Canadian law-governed agreement establishing indemnification obligations between parties, detailing risk transfer and liability protection terms.

find out more

Third Party Indemnity Agreement

A Canadian law-governed agreement establishing indemnification arrangements between multiple parties, protecting against third-party claims and liabilities.

find out more

Indemnity & Undertaking Agreement

A Canadian law-governed agreement establishing indemnification obligations and undertakings between parties, outlining compensation terms for losses and specific commitments.

find out more

Reciprocal Indemnity Agreement

A Canadian law-governed agreement establishing mutual indemnification obligations between parties for shared business risks and liabilities.

find out more

Insurance And Indemnification Agreement

A Canadian-law governed agreement establishing insurance requirements and indemnification obligations between parties, detailing coverage requirements and risk allocation mechanisms.

find out more

Indemnity Consent Form

A Canadian legal document establishing risk and liability transfer between parties, governed by federal and provincial laws, where one party agrees to indemnify another against specified risks and liabilities.

find out more

General Indemnity Agreement

A Canadian law-governed agreement where one party agrees to protect and compensate another party against specified losses or liabilities.

find out more

Deed Of Indemnity Form

A Canadian legal document where one party formally agrees to compensate another for specified losses or liabilities, executed as a deed under Canadian law.

find out more

Deed Of Indemnity

A Canadian law-governed deed where one party formally agrees to indemnify another against specified losses or liabilities.

find out more

Contractor Indemnity Agreement

A Canadian legal agreement establishing contractor indemnification obligations and risk allocation, governed by federal and provincial laws.

find out more

Corporate Indemnification Agreement

A Canadian law-governed agreement establishing terms for corporate indemnification of directors, officers, and key personnel against personal liability arising from their corporate service.

find out more

Parents Release And Indemnity Agreement

A Canadian legal agreement where parents/guardians release service providers from liability and agree to indemnify them regarding their child's participation in specified activities.

find out more

Environmental Indemnification Agreement

A Canadian-law governed agreement establishing environmental liability protection and indemnification obligations between parties regarding environmental risks and claims.

find out more

Vehicle Indemnity Form

A Canadian legal document establishing vehicle-related indemnification terms and liability arrangements between parties, compliant with federal and provincial regulations.

find out more

Estate Indemnity Agreement

A Canadian legal document providing protection for estate executors/trustees against future claims or liabilities arising from estate distribution, governed by provincial estate laws and federal regulations.

find out more

Standard Indemnity Agreement

A Canadian-law governed agreement establishing indemnification obligations between parties, defining protection against losses and claims.

find out more

Gap Indemnity Agreement

A Canadian legal agreement providing protection against risks during the gap period between transaction closing and title registration.

find out more

Indemnity Lease Agreement

A Canadian lease agreement with comprehensive indemnification provisions protecting landlord interests and managing tenant-related risks under Canadian law.

find out more

Indemnity Form For Employees

A Canadian legal document establishing mutual indemnification terms between employer and employee, compliant with federal and provincial employment laws.

find out more

Indemnity Form For Contractors

A Canadian-compliant legal document establishing indemnification obligations between a company and its contractors, protecting against work-related losses and claims.

find out more

Standard Indemnification Agreement

A Canadian-law governed agreement establishing terms for one party to protect another against specified losses, damages, or liabilities.

find out more

Deductible Indemnity Agreement

A Canadian law-governed agreement establishing an indemnification arrangement with deductible provisions, defining risk allocation and claims procedures between parties.

find out more

Contribution And Indemnity Agreement

A Canadian law-governed agreement establishing terms for sharing financial responsibilities and risks between multiple parties, including contribution obligations and indemnification provisions.

find out more

Client Indemnity Form

A Canadian-law governed agreement establishing indemnification obligations between parties, defining risk allocation and protection against specified losses or liabilities.

find out more

Loan Indemnification Agreement

A Canadian law-governed agreement establishing indemnification obligations to protect a lender against specified losses or liabilities related to a loan arrangement.

find out more

Liability Assumption Agreement

A Canadian law-governed agreement facilitating the formal transfer of specified liabilities between parties, with comprehensive terms and conditions for liability assumption and management.

find out more

Employee Indemnification Agreement

A Canadian legal agreement outlining an employer's commitment to protect and compensate employees for losses or expenses incurred during their employment duties.

find out more

Contractor Indemnification Agreement

A Canadian law-governed agreement establishing contractor indemnification obligations and protection mechanisms for companies engaging external contractors.

find out more

Release Of Liability And Indemnity Agreement

A Canadian legal document combining liability release and indemnification provisions, drafted in compliance with federal and provincial regulations, used to manage risk and legal exposure between parties.

find out more

Indemnity Agreement Form

A Canadian legal document where one party agrees to protect and compensate another party against specified losses or liabilities, subject to federal and provincial laws.

find out more

Tax Indemnification Agreement

Canadian law-governed agreement establishing tax indemnification obligations between parties, including federal and provincial tax considerations.

find out more

Mutual Indemnification Agreement

A Canadian-law governed agreement establishing mutual obligations between parties to compensate each other for specified losses or damages.

find out more

Letter Of Indemnity Form

A Canadian legal document where one party agrees to protect another against specified losses or liabilities, governed by federal and provincial laws.

find out more

Indemnification Contract

A Canadian legal agreement establishing one party's obligation to compensate another for specified losses or liabilities, compliant with federal and provincial laws.

find out more

Indemnity Contract

A Canadian law-governed agreement establishing one party's obligation to protect and compensate another party from specified losses or liabilities.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.