Document background
The Basic Indemnity Agreement serves as a fundamental risk allocation tool in commercial relationships under Dutch law. It is commonly used when parties need to clearly define who bears specific risks and financial responsibilities in business transactions or ongoing relationships. This document type is particularly relevant in scenarios involving corporate transactions, service agreements, or business collaborations where one party seeks protection against potential losses or liabilities. The agreement must comply with Dutch Civil Code requirements and European Union regulations, making it suitable for both domestic Dutch transactions and international business dealings with Dutch connections. The Basic Indemnity Agreement typically includes detailed provisions on the scope of indemnification, claim procedures, and any limitations or exclusions, providing a clear framework for risk management and dispute resolution.
