Deed of Indemnity for DirectorsA Deed of Indemnity is a legal agreement between a company and a company director or company officer.
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?
Amounts owing to the Director
Rights, powers and remedies