Products tagged with 'director indemnity form'

Indemnify corporate directors and officers against claims or losses with this free Indemnity Form for Canadian corporations.

Sitting on the board of a corporation, non-profit or condominium can be a risky proposition these days, and directors don't want to leave themselves open to lawsuits because of actions they took on behalf of the company.

Purpose of Indemnity Form

The signing officers of the corporation can use this form to indemnify the directors and officers against claims or losses arising as a result of their acting in their capacity as a director or officer of the corporation.

Corporations should make it standard practice to indemnify every director and officer to protect them against liability.

Format and Jurisdiction

The Corporate Indemnity of Directors and Officers form is available in MS Word format. It is downloadable, fully editable and can be used as often as needed.

This corporate form has been prepared for use by Canadian companies and should only be used in Canada. 

Do not resign from your position as director of a corporation without getting an Indemnity from the corporation.

• This generic legal form can be used in almost any jurisdiction.
• Under the terms of the indemnity, the corporation and its shareholders agree to indemnify and hold the director harmless against any claims, losses or damages arising as a result of having been a director.
• The corporation also indemnifies the departing director against any actions brought by the corporation to which the director would be a party by reason of having served on the Board.
• Download this Indemnity of Resigning Director form and reduce your exposure to liability for acting on behalf of the corporation.
• Available in MS Word format.