Deed of Indemnity (A241)

Who can use this Deed of Indemnity?

This Deed of Indemnity is designed for use in cases when one person (“the Guarantor”) guarantees the obligations of another (“the Indemnifier”) – usually under a contract between the Indemnifier and a third party; and the Guarantor gets an indemnity from the Indemnifier against any liabilities which the Guarantor may incur under the guarantee.

What is this Deed of Indemnity for?

There are a number of cases when the Deed may be suitable.  Here  are some examples:

• when the Indemnifier enters into a tenancy agreement and the Guarantor gives the landlord a guarantee that the rent will be paid and the other obligations of the tenancy will be complied with;
• when the Indemnifier enters into a loan agreement and the Guarantor gives the lender a guarantee that the repayments will be made; and
• when the Indemnifier runs a shop and enters into an agreement with a supplier for the supply of stock and the Guarantor gives the supplier a guarantee that the stock will be paid for

What are the main issues?

The indemnity deed will identify the scope of the indemnifier’s obligations to a third party and of the guarantee being given to the third party by the guarantor.

The guarantor is given security – probably a cash deposit – by the indemnifier as security for the guarantee.

The deed will say what happens if the indemnifier receives or expects to receive a claim from the third party.  It will also say how the guarantor will deal with a claim made against the guarantor by the third party and what happens to the security.

What detailed terms does the contract contain?

The document consists of 4 pages with 7 clauses, detailing:

• definitions
• background
• indemnity
• notice of a claim
• dealing with a claim against the indemnifier
• dealing with a claim against the guarantor
• the bond

For more information on each of these sections, see our Explanatory Notes  which you will receive when you download the document from our website.

And if you want to use the Notes, let us know by using our contact form

For information on signing documents see our Contract Signing page

When I download the document, can I change it and/or use it more than once?

Yes, all ContractStore’s templates are in MS Word and you can use the contract on more than one project. For more information, watch the video on this page of our website or see our FAQs

Legal support

ContractStore supplies templates and is not a law firm.  But all our templates are written by experienced lawyers so we can arrange legal assistance for customers who need special terms in one of our documents or a bespoke template. . For more information see our Legal Services page.

And if you want to contact us see our Contacts page.