A Hold Harmless Indemnity Agreement is essential in situations where parties need to allocate risk and establish clear liability boundaries. Under Singapore law, these agreements are commonly used in commercial transactions, construction projects, and professional services arrangements. The document typically includes detailed provisions on the scope of indemnification, exclusions, claim procedures, and compliance with local regulations. It serves as a risk management tool while adhering to Singapore's legal requirements regarding enforceability and reasonable limitations.
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1. Parties: Identification of all parties involved in the agreement, including full legal names and addresses
2. Background/Recitals: Context and purpose of the indemnity agreement
3. Definitions: Clear definitions of key terms used throughout the agreement
4. Scope of Indemnity: Detailed description of what losses, damages, or claims are covered
5. Duration: Period for which the indemnity remains valid
6. Governing Law: Specification of Singapore law as governing law
1. Insurance Requirements: Details of required insurance coverage when specific insurance requirements need to be maintained
2. Claims Procedure: Process for making and handling indemnity claims in complex agreements or where specific procedures need to be followed
3. Limitation of Liability: Caps or restrictions on the indemnity obligation when parties agree to limit the scope of indemnification
4. Force Majeure: Circumstances under which indemnity obligations may be suspended when protection against extraordinary events is needed
1. Schedule of Covered Activities: Detailed list of activities covered by the indemnity
2. Schedule of Excluded Claims: Specific exclusions from the indemnity coverage
3. Insurance Certificates: Copies of relevant insurance policies or certificates
4. Form of Notice: Template for formal notices under the agreement
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