Fund Indemnification Clause Limits Liability for Advisory Board and Partners

Summary

Fund Indemnification Clause Limits Liability for Advisory Board and Partners The passage outlines standard indemnification language for a private fund, mentioning no specific high‑profile individuals, transactions, or controversial actions. It provides limited investigative value beyond confirming typical fund protections. Key insights: Indemnification covers board, advisory members, limited partners, and affiliates unless fraud, gross negligence, or criminal conduct is proven.; Excludes indemnity for actions taken as a director of portfolio companies after the fund has exited the investment.; Provides a 60‑day cure period for breaches before indemnity can be denied.