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Indemnification Contract
"Need an Indemnification Contract under Singapore law to protect our technology company against potential IP infringement claims from third parties, with specific coverage for our new software product launching in March 2025."
1. Parties: Identification and details of the indemnifier and indemnitee
2. Background: Context and circumstances leading to the indemnification agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Indemnity: Specific losses, damages, or liabilities covered by the agreement
5. Duration: Time period for which the indemnity remains valid
6. Notice Requirements: Procedures and timelines for notifying claims under the indemnity
7. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes
1. Insurance Requirements: Specifications for insurance coverage required to support the indemnity obligations
2. Limitations on Liability: Specific caps, exclusions or restrictions on indemnification obligations
3. Step-in Rights: Rights of the indemnifier to take control of claims or proceedings
4. Dispute Resolution: Specific procedures for resolving disputes, including mediation or arbitration provisions
1. Schedule 1 - Covered Events: Detailed list of circumstances and events triggering indemnification
2. Schedule 2 - Claims Procedure: Detailed process and requirements for making and handling indemnification claims
3. Schedule 3 - Insurance Specifications: Required insurance policies, coverage levels, and terms
4. Schedule 4 - Excluded Losses: Specific losses or circumstances explicitly excluded from the indemnification coverage
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