template

A Deed Of Indemnity For Liquidators (Appointing Liquidators, Mvl)

by
Genie Team
Genie Team
Sep, 28 2022

When to use this template

A deed of indemnity is a legal document that protects the liquidators of a company from any legal claims made by shareholders. The shareholder agrees to indemnify, or compensate, the liquidators for any losses they may incur. This arrangement usually allows the liquidators to make prompt distributions to shareholders.

Key issues covered in this template

  • Executed counterparts
  • Gender
  • Governing law
  • In writing
  • Indemnifier's cost
  • Indemnify for creditors' claims
  • No email notice
  • Remuneration for work performed
  • Representatives
  • Waiver
  • N/A

What to watch out for

  • That the shareholder is willing to provide the liquidators with an indemnity

  • That the indemnity is usually to facilitate prompt distributions

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Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

Additional information

Business categories

Business activities

Contract type

Relevant sectors

Other

Relevant company sizes

1 - 3

4 - 19

20 - 49

50 - 249

250 - 999

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes