Letter of Indemnification to Former Director

A letter of indemnity is an assurance to someone that he won’t be liable for any loss and damages in the business. It serves as a written contract between two parties that whatever happens, the other party will not hold them harmless. This document will greatly help settle legal matters when the other party failed to do its part in the contract. Looking to create an indemnification letter to the former director of the company? Then look no more. Just simply download our Letter of Indemnification to Former Director template to save time. Edit, customize, and download with ease. Go and click that download button now!

LETTER OF INDEMNIFICATION TO FORMER DIRECTOR

[SPECIFY DATE OF WRITING]

[SPECIFY THE FULL AND COMPLETE NAME OF THE FORMER DIRECTOR]
[SPECIFY THE STREET ADDRESS OF THE FORMER DIRECTOR]
[SPECIFY THE CITY, STATE/PROVINCE ADDRESS OF THE FORMER DIRECTOR]
[SPECIFY THE ZIP/POSTAL CODE ADDRESS OF THE FORMER DIRECTOR] 

SUBJECT: LETTER OF INDEMNIFICATION TO FORMER DIRECTOR

Dear [SPECIFY FULL AND COMPLETE NAME OF THE FORMER DIRECTOR]:

For important and reasonable considerations, the [SPECIFY THE FULL AND COMPLETE NAME OF THE COMPANY/BUSINESS ENTITY] concurs and consents to indemnify, reimburse and keep you, your legal heirs, permitted assigns, and duly authorized  agents and representatives, safe and harmless from and against any and all liabilities, charges, costs and expenses whatsoever, including without limitation, fines, penalties, judgments, disbursements, lawyer’s fees and any amounts paid in settlement of any case, suit or claim arising out of or in connection to any matter to which your former position as Director of the [SPECIFY THE FULL AND COMPLETE NAME OF THE COMPANY/BUSINESS ENTITY] is attached to.

For all legal and personal purposes, the contents of this Letter of Indemnification shall be governed by and to be construed pursuant to the laws and legal regulations of the [SPECIFY THE CITY] of [SPECIFY THE STATE/PROVINCE].

Dated and signed in [SPECIFY CITY, STATE/PROVINCE ADDRESS], this [SPECIFY DAY] day of, [SPECIFY MONTH] [SPECIFY YEAR].

[SPECIFY THE FULL AND COMPLETE NAME OF THE LETTER SENDER]
[SPECIFY THE TITLE/POSITION/DESIGNATION OF THE LETTER SENDER]
[SPECIFY THE CONTACT NUMBER OF THE LETTER SENDER]
[SPECIFY COMPANY EMAIL ADDRESS OF THE LETTER SENDER]