Apni Law Staff asked 2 years ago
As an authorized signatory for my company, would this clause in an indemnity agreement be considered standard in India?
“… arising from: (a) any inaccuracy or breach of the employee’s representations in this Agreement; (b) any breach of the employee’s covenants, undertakings, or obligations under this Agreement; (c) any loss or claim directly or indirectly related to the employee’s actions or inactions; or (d) any fraud, gross negligence, or wilful default by the employee.”
Best Answer
Apni Law Staff answered 2 years ago
The clause is broad and typical in Indian employment agreements. It covers a wide range of potential liabilities arising from employee actions, including breaches of contract, misrepresentations, and deliberate misconduct. However, the specific wording and scope of the indemnity clause can be negotiated depending on the nature of the role and the company’s risk appetite.
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