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Indemnity Waiver

Indemnity Waiver Template for India

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Key Requirements PROMPT example:

Indemnity Waiver

"Need an Indemnity Waiver for a technology company's annual developer conference to be held in Bangalore in March 2025, covering potential risks related to third-party software demonstrations and on-site activities for approximately 500 attendees."

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Document background
This Indemnity Waiver template is designed for use in the Indian jurisdiction where parties need to establish clear risk allocation and liability protection arrangements. The document is particularly valuable in situations involving high-risk activities, professional services, or business transactions where one party needs to be protected against potential claims or losses. It encompasses all essential elements required under Indian law for a valid and enforceable indemnity agreement, including clear identification of parties, specific indemnification scope, and waiver provisions. The template aligns with requirements under the Indian Contract Act, 1872, and related legislation, while incorporating best practices developed through Indian judicial precedents. This Indemnity Waiver can be customized for various business contexts while maintaining its core legal integrity and enforceability.
Suggested Sections

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

2. Background: Explains the context and purpose of the waiver and indemnity agreement

3. Definitions: Defines key terms used throughout the document

4. Scope of Waiver: Clearly outlines what rights, claims, or legal actions are being waived

5. Indemnification Provisions: Details the specific indemnification obligations, including what is covered and any limitations

6. Representations and Warranties: Statements of fact or promises made by the parties regarding their capacity and authority

7. Duration: Specifies how long the waiver and indemnity provisions remain in effect

8. Governing Law: Confirms Indian law as governing law and specifies jurisdiction

9. Execution: Signature blocks and execution requirements

Optional Sections

1. Insurance Requirements: Required when specific insurance coverage must be maintained by either party

2. Third Party Rights: Include when the waiver affects rights of parties not directly signing the agreement

3. Severability: Include when there's a need to ensure remaining provisions survive if some are found invalid

4. Force Majeure: Include when certain events should excuse performance of obligations

5. Dispute Resolution: Include when parties want to specify alternative dispute resolution methods

6. Notices: Include when formal communication procedures need to be established

Suggested Schedules

1. Schedule A - Specific Activities or Risks: Detailed list of activities or risks covered by the waiver and indemnity

2. Schedule B - Excluded Claims: List of claims or liabilities specifically excluded from the waiver

3. Schedule C - Insurance Requirements: Detailed insurance requirements including types of coverage and minimum amounts

4. Appendix 1 - Defined Terms: Extended definitions if too lengthy to include in main document

5. Appendix 2 - Form of Notice: Standard form for any notices required under the agreement

Authors

Alex Denne

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

alex.den.21@genieai.co
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Relevant Industries

Manufacturing

Construction

Information Technology

Sports and Recreation

Healthcare

Education

Real Estate

Financial Services

Entertainment

Tourism and Hospitality

Professional Services

Transportation and Logistics

Energy and Utilities

Retail

Relevant Teams

Legal

Risk Management

Compliance

Operations

Human Resources

Finance

Procurement

Facilities Management

Corporate Secretarial

Business Development

Project Management

Safety and Security

Relevant Roles

Legal Counsel

Risk Manager

Compliance Officer

Contract Manager

Business Development Manager

Operations Director

Project Manager

Human Resources Manager

Company Secretary

Chief Financial Officer

Chief Legal Officer

Procurement Manager

Facility Manager

Event Coordinator

Safety 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

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