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Mutual Indemnification Agreement
"Need a Mutual Indemnification Agreement between our tech company and a cloud services provider, with specific focus on data protection and cybersecurity risks, to be effective from March 2025."
1. Parties: Identification and details of all parties to the agreement
2. Background/Recitals: Context and purpose of the indemnification agreement
3. Definitions: Key terms used throughout the agreement including defined terms related to indemnification scope
4. Scope of Indemnification: Detailed description of what each party is indemnifying the other against
5. Procedure for Claims: Process for making and responding to indemnification claims
6. Notice Requirements: Requirements and timeframes for notifying parties of claims
7. Term and Termination: Duration of the agreement and circumstances for termination
8. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes
1. Insurance Requirements: Specific insurance coverage requirements to be maintained by the parties
2. Limitations on Liability: Caps, exclusions, and limitations on indemnification obligations
3. Cross-Border Provisions: Additional provisions for international arrangements and jurisdiction
4. Dispute Resolution: Specific procedures for resolving disputes, including mediation or arbitration options
1. Schedule 1 - Specific Indemnified Events: Detailed list of specific circumstances covered by the indemnification
2. Schedule 2 - Claims Procedure: Detailed step-by-step process flow for handling indemnification claims
3. Schedule 3 - Insurance Requirements: Specific insurance types, coverage amounts, and minimum requirements
4. Schedule 4 - Excluded Claims: List of specific claims or circumstances excluded from the indemnification scope
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