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Deed of Indemnity for Directors

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Deed of Indemnity for Directors

Deed of Indemnity for Directors

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5.0 (3)
Under 5 minutes
Under 5 minutes
Last updated December 2018
Last updated May 22, 2020
Suitable for all Australian states and territories
Suitable for all Australian states and territories

A Deed of Indemnity is a legal agreement between a company and a company director or company officer.

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Document Overview

Under the Corporations Act 2001 (Cth), a director is subject to many duties and obligations. If a director breaches one of their duties, this can result in serious legal penalties such as fines and bans.This Deed contains terms of how a company will indemnify a company director. Further, it can also cover the costs incurred by a director or officer while performing their role.

Use this Deed of indemnity if:

  • You are a director of a company and want to protect yourself from liability in case challenges arise. 
  • The company wants to explicitly outline their duties and obligations when liabilities arise. 
  • The company wants to proactively incentivise and ensure director’s are not personally liable for breach of duties. 

What does this Deed of indemnity Cover?

  • Indemnity clause
  • Taxation
  • Loans to the Director
  • Insurance
  • Rights, powers and remedies

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