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Hold Harmless And Indemnity Agreement
"I need a Hold Harmless and Indemnity Agreement for a construction project in Lahore, Pakistan, where my company will be the general contractor indemnifying the property owner against all construction-related risks and third-party claims starting from March 2025."
1. Parties: Identification of the Indemnitor (party providing indemnity) and Indemnitee (party being indemnified), including full legal names and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the indemnification
3. Definitions: Detailed definitions of key terms used in the agreement, including 'Indemnified Events', 'Losses', 'Claims', etc.
4. Scope of Indemnification: Detailed description of what risks, losses, or damages are covered by the indemnity
5. Indemnification Obligations: Specific obligations of the Indemnitor, including financial responsibilities and duty to defend
6. Notice Requirements: Procedures and timeframes for notifying the Indemnitor of claims or potential claims
7. Claims Procedure: Process for handling claims, including defense obligations and settlement authority
8. Duration: Term of the indemnification agreement and survival provisions
9. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes
10. Execution: Signature blocks and execution requirements
1. Insurance Requirements: Required when specific insurance coverage must be maintained to support the indemnification obligations
2. Limitations of Liability: Optional caps or restrictions on the indemnification obligation, if agreed between parties
3. Third Party Rights: Include when the indemnification extends to affiliated parties or third parties
4. Security Provisions: Required when additional security (such as bank guarantees) is needed to secure the indemnification
5. Force Majeure: Include when certain events should be excluded from indemnification obligations
6. Dispute Resolution: Alternative dispute resolution procedures if parties prefer arbitration or mediation over court proceedings
1. Schedule A - Indemnified Events: Detailed list of specific events, activities, or circumstances covered by the indemnification
2. Schedule B - Insurance Requirements: Detailed specifications of required insurance coverage, limits, and terms
3. Schedule C - Claim Notification Form: Standard form for notifying claims under the agreement
4. Schedule D - Related Parties: List of additional parties covered by the indemnification (if applicable)
5. Appendix 1 - Claims Processing Procedure: Detailed step-by-step procedure for processing and handling claims
Authors
Construction
Manufacturing
Professional Services
Financial Services
Real Estate
Healthcare
Technology
Energy
Transportation
Infrastructure Development
Education
Retail
Legal
Risk Management
Compliance
Operations
Finance
Corporate Affairs
Commercial
Insurance
Project Management
Business Development
Contracts Administration
Legal Counsel
Risk Manager
Compliance Officer
Contract Manager
Chief Legal Officer
Business Development Manager
Project Manager
Operations Director
Chief Financial Officer
Insurance Manager
Corporate Secretary
General Counsel
Commercial Director
Chief Risk Officer
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