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Affidavit Of Understanding And Indemnity And Hold Harmless Agreement
"I need an Affidavit Of Understanding And Indemnity And Hold Harmless Agreement for my construction company to protect us from liability when subcontractors work on our residential development projects starting January 2025, with specific emphasis on workplace safety compliance and insurance requirements."
1. Parties: Identification of all parties involved, including full legal names and addresses
2. Background/Recitals: Context and purpose of the affidavit and agreement
3. Definitions: Key terms used throughout the document
4. Affirmation of Understanding: Clear statement of the affiant's understanding of the circumstances and agreements
5. Indemnification Provisions: Specific terms of indemnification including scope and limitations
6. Hold Harmless Provisions: Details of the hold harmless agreement and its scope
7. Governing Law: Specification of jurisdiction and applicable laws
8. Execution: Signature blocks, notarization requirements, and witnessing provisions
1. Insurance Requirements: Details of required insurance coverage when specific insurance requirements are part of the indemnification arrangement
2. Duration: Specific time period for the agreement when the indemnification is not intended to be perpetual
3. Severability: Clause ensuring remainder of agreement stays valid if any part is found unenforceable, typically used in complex agreements or high-risk situations
4. Assignment: Rights and restrictions regarding assignment of the agreement when transfer of rights needs to be addressed
1. Schedule of Specific Activities: Detailed list of activities covered by the indemnification
2. Schedule of Excluded Claims: List of specific claims or circumstances excluded from indemnification
3. Supporting Documentation: Any relevant documents referenced in the affidavit
4. Insurance Certificates: Copies of relevant insurance policies or certificates
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