The Hold And Harmless Agreement is essential in Singapore business relationships where one party needs protection from potential claims or liabilities arising from specific activities. This document, governed by Singapore law, clearly defines the scope of indemnification, responsibilities of parties, and compliance requirements. It's particularly valuable in high-risk activities, professional services, or situations where clear allocation of risk is necessary. The agreement must conform to Singapore's Civil Law Act and cannot exclude certain statutory liabilities.
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1. Parties: Identification and details of the indemnifier and indemnitee
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Indemnification: Specific activities, risks, and circumstances covered by the hold harmless agreement
5. Duration: Time period for which the indemnification applies
6. Governing Law: Specification of Singapore law as governing law
7. Execution: Signature blocks and execution requirements
1. Insurance Requirements: Specifies insurance coverage requirements for high-risk activities or substantial potential liability
2. Limitation of Liability: Caps or restrictions on indemnification obligations when parties want to limit potential liability exposure
3. Notice Requirements: Procedures for notifying claims or incidents in complex arrangements or when timing is critical
4. Dispute Resolution: Specific procedures for resolving disputes through alternative dispute resolution methods
1. Schedule of Activities: Detailed list of activities covered by the indemnification
2. Insurance Certificates: Copies of relevant insurance policies or certificates
3. Risk Assessment: Evaluation of potential risks and mitigation measures
4. Contact Information: Key contacts for notices and communications
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