Indemnification Agreement (Sample: Fill & Download for Free

Most contracts have some sort of reference to indemnification. An indemnification agreement (also known as a hold harmless agreement) is a legally binding contract that holds a business harmless for any burden loss or damage done by the person or entity. An indemnification agreement also ensures that compensation is given to recoup any losses and damages.You’ll likely need an indemnity agreement in cases where you could assume the risk for something you’re not directly responsible for. The following guide shows some of such cases as well as a template for such an agreement: Free Indemnification Agreement SampleYou take out a home insurance policy where you pay a monthly premium as part of your agreement. In the event that your house burns down from a natural disaster, the insurance company is responsible for covering costs to bring the house back to its original state.You run a dog walking business where clients pay you to walk their dogs. However, one day one of the dogs you’re walking attacks another dog. If you were indemnified, your client would be responsible for covering any costs related to damages, including vet fees and legal proceedings.Such an agreement is essential as many business relationships that result in some shared risk. A hold harmless agreement forces you to think about these risks in advance and put measures in place to protect you if something happens.

There is no legal requirement to obtain D&O insurance for your directors.In practice if/when you take institutional (VC) funding, the VCs often require both contractual indemnification and for the company to obtain D&O insurance. Its usually in a covenant in the Investor Rights Agreement.So for example, the Series Seed and Y Combinator documents I think do not have such covenants but in my experience if you sampled Series A-D IRAs with VCs you'd usually see both the contractual provision and the covenant to obtain D&O insurance.

Here is a sample EULA template.<App Name> App End User License AgreementThis End User License Agreement (“Agreement”) is between you and <App Name> and governs use of this app made available through the Apple App Store. By installing the <App Name> App, you agree to be bound by this Agreement and understand that there is no tolerance for objectionable content. If you do not agree with the terms and conditions of this Agreement, you are not entitled to use the <App Name> App.In order to ensure <App Name> provides the best experience possible for everyone, we strongly enforce a no tolerance policy for objectionable content. If you see inappropriate content, please use the “Report as offensive” feature found under each post.1. PartiesThis Agreement is between you and <App Name> only, and not Apple, Inc. (“Apple”). Notwithstanding the foregoing, you acknowledge that Apple and its subsidiaries are third party beneficiaries of this Agreement and Apple has the right to enforce this Agreement against you. <App Name>, not Apple, is solely responsible for the <App Name> App and its content.2. Privacy<App Name> may collect and use information about your usage of the <App Name> App, including certain types of information from and about your device. <App Name> may use this information, as long as it is in a form that does not personally identify you, to measure the use and performance of the <App Name> App.3. Limited License<App Name> grants you a limited, non-exclusive, non-transferable, revocable license to use the<App Name> App for your personal, non-commercial purposes. You may only use the<App Name> App on Apple devices that you own or control and as permitted by the App Store Terms of Service.4. Age RestrictionsBy using the <App Name> App, you represent and warrant that (a) you are 17 years of age or older and you agree to be bound by this Agreement; (b) if you are under 17 years of age, you have obtained verifiable consent from a parent or legal guardian; and (c) your use of the <App Name> App does not violate any applicable law or regulation. Your access to the <App Name> App may be terminated without warning if <App Name> believes, in its sole discretion, that you are under the age of 17 years and have not obtained verifiable consent from a parent or legal guardian. If you are a parent or legal guardian and you provide your consent to your child’s use of the <App Name> App, you agree to be bound by this Agreement in respect to your child’s use of the <App Name> App.5. Objectionable Content PolicyContent may not be submitted to <App Name>, who will moderate all content and ultimately decide whether or not to post a submission to the extent such content includes, is in conjunction with, or alongside any, Objectionable Content. Objectionable Content includes, but is not limited to: (i) sexually explicit materials; (ii) obscene, defamatory, libelous, slanderous, violent and/or unlawful content or profanity; (iii) content that infringes upon the rights of any third party, including copyright, trademark, privacy, publicity or other personal or proprietary right, or that is deceptive or fraudulent; (iv) content that promotes the use or sale of illegal or regulated substances, tobacco products, ammunition and/or firearms; and (v) gambling, including without limitation, any online casino, sports books, bingo or poker.6. Warranty<App Name> disclaims all warranties about the <App Name> App to the fullest extent permitted by law. To the extent any warranty exists under law that cannot be disclaimed, <App Name>, not Apple, shall be solely responsible for such warranty.7. Maintenance and Support<App Name> does provide minimal maintenance or support for it but not to the extent that any maintenance or support is required by applicable law, <App Name>, not Apple, shall be obligated to furnish any such maintenance or support.8. Product Claims<App Name>, not Apple, is responsible for addressing any claims by you relating to the <App Name> App or use of it, including, but not limited to: (i) any product liability claim; (ii) any claim that the <App Name> App fails to conform to any applicable legal or regulatory requirement; and (iii) any claim arising under consumer protection or similar legislation. Nothing in this Agreement shall be deemed an admission that you may have such claims.9. Third Party Intellectual Property Claims<App Name> shall not be obligated to indemnify or defend you with respect to any third party claim arising out or relating to the <App Name> App. To the extent <App Name> is required to provide indemnification by applicable law, <App Name>, not Apple, shall be solely responsible for the investigation, defense, settlement and discharge of any claim that the <App Name> App or your use of it infringes any third party intellectual property right.