The Release Hold Harmless And Indemnity Agreement is a crucial legal instrument used in Singapore when parties need to establish clear boundaries of liability and risk allocation. This document is particularly relevant in situations involving potential risks or where parties need to clearly delineate their legal obligations and protections. It combines three essential elements: release of existing claims, protection against future claims, and indemnification provisions. The agreement must comply with Singapore's legal framework, including the Civil Law Act and Unfair Contract Terms Act, ensuring enforceability while providing comprehensive protection to the parties involved.
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1. Parties: Identification of the parties entering into the agreement
2. Background: Context and circumstances leading to the agreement
3. Definitions: Key terms used throughout the agreement
4. Release: Specific terms of the release from liability
5. Hold Harmless: Terms of protection from claims or liability
6. Indemnification: Scope and terms of indemnity obligations
7. Governing Law: Specification of Singapore law as governing law
8. Execution: Signature blocks and execution details
1. Insurance Requirements: Required when specific insurance coverage is part of the agreement
2. Term and Termination: Duration of the agreement and termination provisions
3. Dispute Resolution: Specific procedures for resolving disputes
4. Severability: Provisions for maintaining validity if parts are found unenforceable
1. Schedule of Released Claims: Detailed list of specific claims being released
2. Schedule of Indemnified Parties: List of additional parties covered by the indemnity
3. Insurance Schedule: Details of required insurance coverage and limits
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