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Deed of Indemnity for Directors
A Deed of Indemnity for Directors is a legal agreement between a company and a company director or company officer.4.1 (16 reviews)
Under 5 minutes
Suitable for Australia
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. You MUST seek advice from a qualified professional before using this deed to check that it meets your specific circumstances.
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
- Amounts owing to the Director
- Insurance
- Rights, powers and remedies
Further Information
- What is a Deed of Indemnity?
- Personal Liabilities Of Company Directors: Everything You Need to Know
- What Is a Deed of Indemnity and Insurance?
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Here's what people say about Lawpath’s Deed of Indemnity for Directors
Going above and beyondPaul and the team at mclp are simply amazing.....Always available and answer your calls even after hours which is hugely important when running a start-up where pivots are a regular occurrence. It's important for us as a tech start up to be able to get hold of our lawyers for general advice and specific legal requirements in a very past paced and agile start up environment. When and if our requirements change i know i can rely on paul and damien, who are always willing to assist, guide and advise making my life easier, stress-free and well informed so that i can focus on making the right business decisions while also building the business and doing what i’m best at. Thanks again and i look forward to a long relationship with mclp.
Private user
So easy to use and to individualise to my needs wiFor a first time business owner unfamiliar with contracts, this document was weasy to creat and individualise to my own needs for my company
Kate
Excellent serviceThe document was very well set out and easy to follow
Private user
DirectorEasy to create, helpful tips and fast and efficient
Kristen
Easy and helpful chat assistanceThe document was easy to create and perfect for my needs.
HIWA
Stress freeI found it stress free to create my first will. The workflows built into the electronic form was easy.
Maria
So easyMaking it so easy for me to get together policies relevant to my buisness
Leah
Great so farI am enjoying using lawpath and everyone is very supportive to help us get off to a great start with our business.
vicki
Easy process, friendly & helpful staffExtremely easy to create the required document. Took no time at all. Very happy with the result. And a big thank you to the team at lawpath. Matthew, natasha & tom have been simply brilliant. I would not hesitate in recommending lawpath at all. Will be using lawpath in the future, no doubt at all.
Private user
So easy!It literally takes 5 minutes to fill the necessary information and it's ready to use. Great service!
owner
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