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Hold Harmless And Indemnity Agreement
"I need a Hold Harmless and Indemnity Agreement under Austrian law for my construction company to protect us from liability when subcontractors work on our development project starting March 2025, including specific provisions for workplace safety and equipment usage."
1. Parties: Identification and details of the Indemnitor (party providing indemnification) and Indemnitee (party being indemnified)
2. Background: Context of the agreement, relationship between parties, and relevant circumstances leading to the need for indemnification
3. Definitions: Clear definitions of key terms used throughout the agreement, including 'Indemnified Parties', 'Claims', 'Losses', and 'Indemnified Events'
4. Scope of Indemnification: Detailed description of what losses, damages, and claims are covered by the indemnification
5. Indemnification Obligations: Specific obligations of the Indemnitor, including defense obligations and payment terms
6. Procedure for Claims: Process for notifying and handling indemnification claims, including timeframes and required documentation
7. Duration: Term of the indemnification obligations and any survival provisions
8. Limitations: Any limitations on the scope or amount of indemnification, consistent with Austrian law
9. Governing Law and Jurisdiction: Specification of Austrian law as governing law and designation of competent courts
10. Signatures: Execution block for parties' signatures and date of signing
1. Insurance Requirements: Details of required insurance coverage to support indemnification obligations, used when specific insurance requirements are needed
2. Third Party Rights: Provisions regarding the rights of third parties who may be covered by the indemnification, used when additional parties need protection
3. Force Majeure: Circumstances under which indemnification obligations may be suspended, used in long-term or high-risk agreements
4. Dispute Resolution: Alternative dispute resolution procedures, used when parties prefer arbitration or mediation
5. Confidentiality: Provisions for handling confidential information related to claims, used when sensitive information may be involved
6. Assignment: Rules regarding the transfer of indemnification rights and obligations, used when assignment rights are important
7. Severability: Provisions ensuring partial invalidity doesn't void entire agreement, used in complex agreements
8. Amendments: Procedures for modifying the agreement, used in long-term relationships
1. Schedule A - Specific Indemnified Events: Detailed list of specific events, activities, or circumstances covered by the indemnification
2. Schedule B - Excluded Claims: List of specific claims or circumstances explicitly excluded from the indemnification scope
3. Schedule C - Insurance Specifications: Detailed insurance requirements including types, amounts, and specific coverage terms
4. Appendix 1 - Claim Notice Form: Standard form for submitting indemnification claims
5. Appendix 2 - Related Agreements: List of other agreements referenced or related to the indemnification obligations
Authors
Construction
Real Estate
Manufacturing
Events and Entertainment
Professional Services
Healthcare
Technology
Transportation and Logistics
Energy
Retail
Insurance
Sports and Recreation
Education
Hospitality
Legal
Risk Management
Compliance
Finance
Operations
Procurement
Business Development
Insurance
Contracts Administration
Corporate Governance
Project Management Office
Facilities Management
Legal Counsel
Risk Manager
Chief Legal Officer
Contract Manager
Compliance Officer
Chief Financial Officer
Project Manager
Operations Director
Business Development Manager
Chief Executive Officer
Insurance Manager
Procurement Manager
Facility Manager
General Counsel
Commercial Director
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