General Guidelines for Forms
As a general matter, you should not make substantive changes to any of the forms included in the Start-Up Forms Library without checking with your legal counsel. We are constantly improving and updating our forms to keep up with developments in the law and in what's "standard" in the market. As such, you should check here periodically to determine whether you have the latest forms available.
Indemnification agreements are often provided to a Company's directors and officers to minimize potential personal liability for actions taken in their capacity as directors and officers.
Typically the form of indemnification agreement to be used is approved by the stockholders of a start-up company since the counterparties are the Company's officers and directors.