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Indemnification Agreement Form
"I need an Indemnification Agreement Form for my construction company to protect against subcontractor claims and liability, with specific focus on workplace safety incidents and property damage, to be effective from March 2025."
1. Parties: Identifies and defines the Indemnitor (party providing indemnification) and Indemnitee (party being indemnified)
2. Background: Explains the context and purpose of the indemnification agreement
3. Definitions: Defines key terms used throughout the agreement including 'Indemnified Events', 'Losses', and 'Claims'
4. Scope of Indemnification: Details the specific risks, losses, and circumstances covered by the indemnification
5. Indemnification Obligations: Specifies the Indemnitor's obligations, including payment terms and defense obligations
6. Notice Requirements: Outlines the procedure and timeframes for notifying the Indemnitor of claims
7. Claims Procedure: Details the process for handling claims, including defense, settlement, and cooperation requirements
8. Exclusions: Specifies events, circumstances, or losses not covered by the indemnification
9. Term and Termination: Specifies the duration of the agreement and circumstances for termination
10. Dispute Resolution: Outlines the process for resolving disputes related to the agreement
11. General Provisions: Standard boilerplate clauses including governing law, amendments, and notices
1. Insurance Requirements: Specifies insurance obligations of the Indemnitor, used when additional security is required
2. Multiple Indemnitors: Addresses joint and several liability when multiple parties provide indemnification
3. Third Party Rights: Addresses rights of third parties to claim under the agreement, relevant when third party beneficiaries are involved
4. Contribution: Addresses rights of contribution between multiple indemnitors, used with multiple responsible parties
5. Survival: Specifies which provisions survive termination, important for long-term risks
6. Security Provisions: Details any required security or collateral for the indemnification, used for high-value obligations
7. Subrogation Rights: Addresses rights of subrogation, particularly relevant when insurance is involved
1. Schedule A - Specific Indemnified Events: Detailed list of specific events, activities, or circumstances covered by the indemnification
2. Schedule B - Excluded Events: Detailed list of specific exclusions from the indemnification coverage
3. Schedule C - Claims Procedure: Detailed procedure for processing and handling claims
4. Schedule D - Insurance Requirements: Specific insurance requirements including types, amounts, and conditions
5. Appendix 1 - Notice Forms: Template forms for providing notice of claims or circumstances
6. Appendix 2 - Related Agreements: List and/or copies of related agreements referenced in the indemnification
Authors
Construction
Manufacturing
Mining and Resources
Financial Services
Technology
Healthcare
Professional Services
Real Estate
Energy
Transport and Logistics
Education
Retail
Insurance
Infrastructure
Legal
Risk Management
Compliance
Finance
Operations
Corporate Governance
Commercial
Insurance
Procurement
Business Development
Executive Leadership
Chief Legal Officer
General Counsel
Risk Manager
Compliance Officer
Contract Manager
Chief Financial Officer
Corporate Secretary
Legal Counsel
Business Development Manager
Project Manager
Operations Director
Insurance Manager
Chief Risk Officer
Commercial Director
Managing Director
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