Ƶ

All Countries
Risk Management
Trustee Release And Indemnification Agreement

Trustee Release And Indemnification Agreement Template for Singapore

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Trustee Release And Indemnification Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Trustee Release And Indemnification Agreement

"Need a Trustee Release And Indemnification Agreement under Singapore law for our family trust, where the current trustee is retiring due to health reasons and we need to appoint ABC Trust Services Ltd as the new trustee effective March 1, 2025."

Celebrated by
Collaborations with
Investors

What is a Trustee Release And Indemnification Agreement?

The Trustee Release And Indemnification Agreement is a critical document used when a trustee seeks to resign or is being replaced in Singapore. It provides legal protection for the outgoing trustee while ensuring proper transfer of responsibilities and assets. This agreement, governed by Singapore law, particularly the Trustees Act (Chapter 337), documents the formal release of the trustee's duties, establishes indemnification terms, and may include provisions for successor trustee appointment. It's particularly important in Singapore's sophisticated financial services sector, where trust arrangements are common in wealth management and corporate structures.

What sections should be included in a Trustee Release And Indemnification Agreement?

1. Parties: Identifies all parties to the agreement including outgoing trustee, incoming trustee (if any), beneficiaries

2. Background: Details of the trust, reason for release, and context of the agreement

3. Definitions: Key terms used throughout the agreement

4. Release of Trustee: Specific terms of release from duties and obligations

5. Indemnification Provisions: Terms of indemnification, including scope and limitations

6. Representations and Warranties: Statements of fact and assurances from all parties

7. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a Trustee Release And Indemnification Agreement?

1. Successor Trustee Appointment: Required only if a new trustee is being appointed - includes details of incoming trustee and appointment process

2. Asset Transfer Provisions: Details of trust asset transfer process - required when trust assets need to be transferred to new trustee

3. Confidentiality: Provisions for maintaining confidentiality of trust information and agreement terms - recommended when sensitive information is involved

What schedules should be included in a Trustee Release And Indemnification Agreement?

1. Schedule of Trust Assets: Detailed list of all trust assets being transferred or released

2. Original Trust Deed: Copy of the original trust deed and any amendments

3. Trustee Resolution: Resolution approving the release and/or appointment

4. Beneficiary Consents: Written consents from beneficiaries if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























Clauses
























Industries

Trustees Act (Chapter 337): Primary legislation governing trustees' duties, powers, and responsibilities. Defines the scope of trustee liability and protection, and outlines requirements for proper discharge of trustees.

Civil Law Act (Chapter 43): Contains general provisions about contract law in Singapore, particularly relevant for indemnification provisions in trustee agreements.

Limitation Act (Chapter 163): Establishes time limitations on claims against trustees and affects release provisions in trustee agreements.

Trust Companies Act (Chapter 336): Relevant when any party to the agreement is a licensed trust company in Singapore.

Securities and Futures Act (Chapter 289): Applicable if the trust involves investment securities or regulated investment activities.

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in Singapore, relevant for handling personal information in the agreement.

Fiduciary Duties: Legal principle requiring trustees to act in the best interest of beneficiaries, with loyalty, care, and good faith.

Valid Release Requirements: Legal requirements for ensuring a trustee release is valid and enforceable under Singapore law.

Indemnification Scope: Legal boundaries and limitations on the extent to which trustees can be indemnified under Singapore law.

Fraud Exception: Legal principle prohibiting the exclusion of liability for fraud or willful misconduct in trustee agreements.

Deed Execution Requirements: Formal requirements for valid execution of deeds under Singapore law.

Successor Trustee Obligations: Legal obligations and responsibilities of successor trustees when taking over from released trustees.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Generic Indemnity Form

A Singapore law-governed agreement where one party agrees to protect another against specified losses or liabilities.

find out more

Environmental Indemnity Agreement

A Singapore law agreement providing indemnification against environmental risks and liabilities, aligned with local environmental protection regulations.

find out more

Mutual Indemnity And Waiver Of Recourse Agreement

A Singapore law-governed agreement establishing mutual indemnities and waivers of recourse between parties in commercial relationships.

find out more

Loan Indemnity Agreement

A Singapore-law governed agreement where one party agrees to protect another against losses arising from a loan agreement.

find out more

General Indemnity Agreement

A Singapore law-governed agreement where one party agrees to compensate another for specified losses or liabilities.

find out more

Food Waiver And Indemnification Agreement

A Singapore-law governed agreement protecting food service providers from liability while establishing consumer acknowledgment of food consumption risks.

find out more

Customer Indemnity Form

A Singapore-law governed agreement where a customer provides indemnity protection to a company against specified risks and liabilities.

find out more

Basic Simple Indemnity Form

A Singapore-law governed agreement where one party agrees to protect another against specified losses or damages.

find out more

Simple Indemnity Agreement

A Singapore law-governed agreement where one party agrees to compensate another for specified losses or damages.

find out more

Environmental Indemnification Agreement

A Singapore-law agreement establishing environmental liability protection and remediation obligations between parties.

find out more

Simple Indemnification Agreement

A Singapore-law governed agreement where one party agrees to protect another against specific losses or liabilities.

find out more

Personal Indemnification Agreement

A Singapore-law governed agreement where one party agrees to personally indemnify another against specified losses or liabilities.

find out more

Indemnity Form For Employees

A Singapore-compliant legal document protecting employees from personal liability for work-related actions taken in good faith.

find out more

General Indemnity Form

A Singapore law-compliant document establishing indemnification obligations between parties for specified risks and liabilities.

find out more

Trustee Release And Indemnification Agreement

A Singapore law agreement releasing a trustee from duties and providing indemnification protection.

find out more

Standard Indemnification Agreement

A Singapore-law governed agreement where one party agrees to protect another against specified losses or liabilities.

find out more

Release Waiver And Indemnity Agreement

A Singapore-law governed agreement that releases liability and provides indemnification for specified activities or services.

find out more

Client Indemnity Form

A Singapore-law governed form establishing client indemnification obligations to protect service providers against specified risks and liabilities.

find out more

Waiver And Indemnity Form

A Singapore-compliant legal document combining liability waiver and indemnification provisions for risk management in activities or services.

find out more

Loan Indemnification Agreement

A Singapore-law governed agreement where one party agrees to protect another against losses or liabilities related to a loan arrangement.

find out more

Employee Indemnification Agreement

A Singapore law-governed agreement protecting employees from personal liability incurred during their employment duties.

find out more

Indemnity Agreement Form

A Singapore-law governed agreement where one party agrees to protect another against specified losses or liabilities.

find out more

Employee Liability Waiver And Indemnification Agreement

A Singapore-compliant agreement limiting employer liability and establishing employee indemnification obligations for specific workplace risks.

find out more

Release And Indemnity Form

A Singapore-compliant legal document combining liability release and indemnification provisions to protect parties from future claims and losses.

find out more

Indemnification Waiver

A Singapore-law governed legal document that releases one party from liability for specified risks or potential damages.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.