Precedent clause for indemnity for tax deductions in a joint venture agreement
Precedent clause for indemnity for tax deductions in a joint venture agreement

The following Tax guidance note provides comprehensive and up to date legal information covering:

  • Precedent clause for indemnity for tax deductions in a joint venture agreement

  1. 1

    Deductions from payments and indemnity for tax deductions

    1. 1.1

      [Subject to anything to the contrary in this Agreement,] the Company shall make all payments to the Shareholders [required under this Agreement] free and clear of all deductions or withholdings save as may be required by law.

    2. 1.2

      If:

      1. 1.2.1

        the Company makes a payment to a shareholder