General indemnity in respect of specific events
This precedent is an example of a deed of indemnity which can be used for most circumstances where an indemnity is granted by the indemnifier to an indemnified party.
An indemnity is a promise by one party to take on the obligation of any loss or damage that may be incurred by another party usually as a result of entering into a transaction with the indemnifying party. For example, many building contracts between the owner of property (Owner) and the builder contain clauses where the builder indemnifies the Owner for any third party claims brought against the Owner for damage or injury caused by the builder’s employees or sub-contractors.
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Document length: 6 pages
Related products (all with guidance notes)
o Indemnity for GST
o Guarantee and indemnity – short form
o All moneys and performance guarantee and indemnity – short form
o All moneys and performance guarantee and indemnity – long form
This precedent is also available via subscription to the Precedents – Guarantees & Indemnities Suite – Guarantees & Indemnities Bundle