51Ƶ

Indemnity Contract for Canada

Indemnity Contract Template for Canada

A comprehensive legal agreement governed by Canadian law that establishes one party's (the Indemnitor's) obligation to compensate, protect, and hold harmless another party (the Indemnitee) from specified losses, damages, or liabilities. The document outlines the scope of indemnification, claim procedures, limitations, and obligations of all parties involved, while ensuring compliance with both federal and provincial Canadian legal requirements. It includes specific provisions for notice, defense of claims, payment terms, and dispute resolution mechanisms, tailored to meet the requirements of Canadian jurisdiction and applicable provincial laws.

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

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Indemnity Contract?

The Indemnity Contract serves as a critical risk management tool in Canadian business transactions, establishing clear obligations for protection against specified losses or liabilities. This document is essential when parties need to allocate risk in business relationships, mergers and acquisitions, service agreements, or other commercial arrangements. The agreement must comply with both federal Canadian law and specific provincial requirements, particularly regarding enforceability, limitation periods, and statutory restrictions. The Indemnity Contract includes detailed provisions for triggering events, claim procedures, defense obligations, and payment terms, while considering Canadian legal precedents and regulatory requirements. It's particularly vital in situations involving significant business risks, corporate transactions, or ongoing commercial relationships where clear risk allocation is necessary.

What sections should be included in a Indemnity Contract?

1. Parties: Identifies and defines the Indemnitor (party providing indemnity) and Indemnitee (party being indemnified)

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

3. Definitions: Defines key terms used throughout the agreement, including 'Loss', 'Claims', 'Indemnified Events'

4. Scope of Indemnification: Details the specific risks, losses, and circumstances covered by the indemnity

5. Indemnification Process: Outlines the procedure for making claims and the response requirements

6. Notice Requirements: Specifies how and when notice of claims must be given

7. Defense of Claims: Establishes rights and obligations regarding the defense of third-party claims

8. Payment and Reimbursement: Details the timing and method of indemnity payments

9. Limitations and Exclusions: Specifies what is not covered and any caps on liability

10. Duration: Specifies how long the indemnity obligations remain in effect

11. Governing Law: Specifies that Canadian law governs the agreement and which province's laws apply

12. Dispute Resolution: Outlines the process for resolving disputes between parties

13. General Provisions: Includes standard contractual provisions like amendments, assignments, and severability

What sections are optional to include in a Indemnity Contract?

1. Insurance Requirements: Required when the indemnitor must maintain specific insurance coverage to support the indemnity

2. Security Provisions: Used when additional security (such as a letter of credit) is required to secure the indemnity obligations

3. Cross-Indemnification: Included when both parties are providing mutual indemnities

4. Regulatory Compliance: Required for regulated industries or when specific regulatory requirements affect the indemnity

5. Third Party Rights: Needed when the indemnity extends to affiliated parties or specific third parties

6. Environmental Provisions: Required when environmental risks are specifically covered by the indemnity

7. Intellectual Property: Included when the indemnity covers IP-related claims or losses

8. Survival: Required when specific indemnity obligations need to survive termination of the agreement

What schedules should be included in a Indemnity Contract?

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

2. Schedule B - Claim Processing Procedures: Detailed procedures for processing and handling claims

3. Schedule C - Insurance Requirements: Specific insurance types, coverage amounts, and requirements

4. Schedule D - Excluded Claims: Detailed list of specifically excluded claims or circumstances

5. Appendix 1 - Notice Information: Contact details and procedures for giving notices under the agreement

6. Appendix 2 - Claim Form Template: Standard form for submitting indemnity claims

Authors

Alex Denne

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

Jurisdiction

Canada

Publisher

Genie AI

Document Type

Indemnity Agreement

Sector

Insurance

Cost

Free to use

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.

Download

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.

Download

Indemnity Agreement (Construction)

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

Download

Hold Harmless And Indemnity Agreement

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

Download

Third Party Indemnity Agreement

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

Download

Indemnity & Undertaking Agreement

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

Download

Reciprocal Indemnity Agreement

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

Download

Insurance And Indemnification Agreement

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

Download

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.

Download

General Indemnity Agreement

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

Download

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.

Download

Deed Of Indemnity

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

Download

Contractor Indemnity Agreement

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

Download

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.

Download

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.

Download

Environmental Indemnification Agreement

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

Download

Vehicle Indemnity Form

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

Download

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.

Download

Standard Indemnity Agreement

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

Download

Gap Indemnity Agreement

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

Download

Indemnity Lease Agreement

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

Download

Indemnity Form For Employees

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

Download

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.

Download

Standard Indemnification Agreement

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

Download

Deductible Indemnity Agreement

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

Download

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.

Download

Client Indemnity Form

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

Download

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.

Download

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.

Download

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.

Download

Contractor Indemnification Agreement

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

Download

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.

Download

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.

Download

Tax Indemnification Agreement

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

Download

Mutual Indemnification Agreement

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

Download

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.

Download

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.

Download

Indemnity Contract

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

Download
See more related templates

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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

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