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General Indemnity Agreement Template for Philippines

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Key Requirements PROMPT example:

General Indemnity Agreement

"I need a General Indemnity Agreement for a construction project in Manila, where my company (ABC Construction Corp) will be the indemnitor protecting our client (XYZ Development Inc) against any third-party claims arising from our construction activities starting March 2025."

Document background
The General Indemnity Agreement is a crucial risk management tool in Philippine business transactions, commonly used when one party needs to be protected against potential losses or liabilities arising from specific business activities or relationships. This document is particularly important in contexts involving surety bonds, construction projects, corporate guarantees, and various commercial transactions where risk allocation is essential. The agreement must comply with Philippine Civil Code requirements and commercial regulations, making it enforceable under local jurisdiction. It typically includes detailed provisions on the scope of indemnification, claim procedures, payment obligations, and enforcement mechanisms. The General Indemnity Agreement is often required by financial institutions, insurance companies, or business partners as a prerequisite for entering into larger commercial arrangements or providing financial facilities.
Suggested Sections

1. Parties: Identification of the Indemnitor (party providing indemnity) and Indemnitee (party being indemnified), including their legal capacities and addresses

2. Background: Context of the agreement, relationship between the parties, and purpose of the indemnification

3. Definitions: Definitions of key terms used throughout the agreement, including 'Loss', 'Claim', 'Indemnified Event', etc.

4. Scope of Indemnity: Detailed description of what losses, damages, and liabilities are covered by the indemnity

5. Indemnification Process: Procedures for making claims, including notice requirements, timing, and documentation

6. Payment and Reimbursement: Terms for payment of indemnified amounts, including timing, method, and currency

7. Limitations and Exclusions: Specific limitations on the indemnity obligation and excluded events or damages

8. Representations and Warranties: Basic representations about capacity to enter agreement and authority

9. Term and Termination: Duration of the agreement and circumstances for termination

10. Governing Law: Specification of Philippine law as governing law and jurisdiction provisions

11. General Provisions: Standard boilerplate provisions including notices, amendments, and severability

Optional Sections

1. Security: Requirements for security deposits or guarantees to support the indemnity obligation

2. Insurance: Requirements for insurance coverage related to indemnified events

3. Subrogation Rights: Rights of the Indemnitor to step into the shoes of the Indemnitee for certain claims

4. Alternative Dispute Resolution: Specific procedures for resolving disputes through mediation or arbitration

5. Multiple Indemnitors: Provisions governing joint and several liability when multiple parties provide indemnity

6. Cross-Indemnification: Mutual indemnification provisions if both parties are providing indemnities

7. Survival: Provisions specifying which obligations survive termination of the agreement

Suggested Schedules

1. Schedule A - Specific Indemnified Events: Detailed list of specific events or circumstances covered by the indemnity

2. Schedule B - Claim Form: Standard form for submitting indemnification claims

3. Schedule C - Security Arrangements: Details of any security or collateral provided to support the indemnity

4. Schedule D - Claims Processing Procedures: Detailed procedures for processing and evaluating claims

5. Schedule E - Authorized Representatives: List of authorized representatives for each party who can handle claims

6. Appendix 1 - Required Notices: Forms of notices required under the agreement

7. Appendix 2 - Corporate Authorizations: Copies of corporate authorizations and board resolutions

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











































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Relevant Industries

Construction

Manufacturing

Financial Services

Insurance

Real Estate Development

Infrastructure

Mining

Energy

Transportation

Maritime

Technology

Healthcare

Relevant Teams

Legal

Finance

Risk Management

Compliance

Treasury

Corporate Secretariat

Operations

Commercial

Insurance

Project Management

Business Development

Executive Management

Relevant Roles

Legal Counsel

Risk Manager

Chief Financial Officer

Compliance Officer

Contract Manager

Corporate Secretary

Treasury Manager

Chief Executive Officer

Project Manager

Operations Director

Insurance Manager

Financial Controller

Business Development Manager

General Manager

Commercial 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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