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Indemnification Contract
"I need an Indemnification Contract under Indonesian law for a manufacturing joint venture between my Singapore-based company and an Indonesian partner, with specific focus on environmental liability protection and regulatory compliance risks."
1. Parties: Identification of the Indemnifier and Indemnitee, including their full legal names, registration numbers, and addresses
2. Background: Context of the indemnification agreement, relationship between parties, and general purpose of the arrangement
3. Definitions: Key terms used throughout the agreement, including 'Indemnified Events', 'Losses', 'Claims', and other relevant definitions
4. Scope of Indemnification: Detailed description of what events, losses, or circumstances are covered by the indemnification
5. Indemnification Obligations: Specific obligations of the Indemnifier, including payment terms, timing, and method of compensation
6. Claims Process: Procedures for making claims, including notification requirements, timing, and documentation
7. Limitations and Exclusions: Specific limitations on the indemnification obligation, including caps, time limits, and excluded events
8. Duration: Term of the indemnification obligation and any survival provisions
9. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and choice of forum for dispute resolution
10. Notices: Process and requirements for formal communications between parties
11. General Provisions: Standard contractual provisions including amendments, waivers, and severability
1. Insurance Requirements: Required when the indemnifier must maintain specific insurance coverage to support the indemnification obligation
2. Security Provisions: Optional section for when additional security (such as bank guarantees or parent company guarantees) is required
3. Third Party Rights: Required when the indemnification extends to affiliated parties or other third parties
4. Subrogation Rights: Optional section detailing the indemnifier's rights to pursue claims against third parties
5. Alternative Dispute Resolution: Optional detailed procedures for mediation or arbitration before court proceedings
6. Language Provisions: Required when contract is bilingual, establishing prevailing language version
7. Regulatory Compliance: Required when indemnification relates to specific regulated industries or activities
1. Schedule 1 - Specific Indemnified Events: Detailed list of specific events, activities, or circumstances covered by the indemnification
2. Schedule 2 - Claim Form Template: Standard form for submitting indemnification claims
3. Schedule 3 - Calculation of Losses: Methodology for calculating indemnifiable losses
4. Schedule 4 - Security Documents: Forms of any required security documents such as bank guarantees
5. Appendix A - Contact Details: Detailed contact information for notices and claims
6. Appendix B - Insurance Requirements: Specific insurance types, coverage amounts, and requirements
Authors
Manufacturing
Construction
Mining
Oil and Gas
Financial Services
Technology
Infrastructure
Real Estate
Telecommunications
Healthcare
Transportation and Logistics
Retail and Consumer Goods
Energy
Legal
Risk Management
Compliance
Finance
Commercial
Operations
Treasury
Insurance
Corporate Secretariat
Business Development
Project Management
Chief Legal Officer
Legal Director
Risk Manager
Compliance Officer
Corporate Secretary
General Counsel
Contract Manager
Chief Financial Officer
Commercial Director
Business Development Manager
Operations Director
Project Manager
Insurance Manager
Treasury Manager
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