Deed of Indemnity for Directors
A Deed of Indemnity is a legal agreement between a company and a company director or company officer.Get 1st document free
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
- Loans to the Director
- Rights, powers and remedies
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