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Indemnification Hold Harmless And Insurance Agreement
"I need an Indemnification Hold Harmless And Insurance Agreement for my construction company in Singapore, requiring contractors to maintain $5M in liability insurance and indemnify us against all site-related incidents, to be effective from March 2025."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Indemnification Obligations: Detailed scope of indemnification commitments
5. Hold Harmless Provisions: Specific hold harmless commitments and limitations
6. Insurance Requirements: Required insurance coverage and maintenance obligations
7. Term and Termination: Duration and termination provisions
8. Governing Law: Specification of Singapore law as governing law
1. Specific Risk Allocations: Detailed allocation of specific risks when particular risks need to be addressed separately
2. Claims Procedures: Specific procedures for making indemnification claims, used for complex arrangements with multiple parties
3. Insurance Broker Provisions: Requirements for insurance brokers when insurance arrangements involve intermediaries
4. Third Party Rights: Rights of third parties under the agreement when third parties have enforceable rights
1. Insurance Specifications: Detailed insurance requirements including types, amounts, and terms
2. Claim Form Templates: Standard forms for making indemnification claims
3. Certificate of Insurance: Template or actual insurance certificates
4. Risk Matrix: Detailed allocation of specific risks between parties
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