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Mutual Indemnity And Waiver Of Recourse Agreement
"I need a Mutual Indemnity and Waiver of Recourse Agreement under Qatar law for a joint venture between an oil & gas operator and three service contractors, with specific focus on offshore drilling operations and equipment liability starting March 2025."
1. Parties: Identification of all parties entering into the agreement, including their full legal names, registration details, and addresses
2. Background: Context of the agreement, business relationship between the parties, and purpose of the mutual indemnities and waivers
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Claims', 'Losses', 'Affiliates', 'Indemnified Parties', etc.
4. Mutual Indemnities: Core section detailing the reciprocal indemnification obligations of each party
5. Waiver of Recourse: Explicit waiver provisions detailing what rights each party is waiving and the scope of such waivers
6. Duration and Survival: Term of the agreement and which provisions survive termination
7. Limitations on Liability: Any caps, exclusions, or limitations on the indemnities and waivers
8. Claims Procedure: Process for making and handling indemnity claims
9. Governing Law and Jurisdiction: Specification of Qatar law as governing law and jurisdiction for disputes
10. General Provisions: Standard boilerplate clauses including notices, amendments, severability, etc.
1. Insurance Requirements: Required when parties need to maintain specific insurance coverage to support their indemnity obligations
2. Third Party Rights: Include when benefits of indemnities extend to affiliates or other third parties
3. Specific Operational Conditions: Required when indemnities relate to specific operations or activities
4. Force Majeure: Include when parties want to address how indemnities apply during force majeure events
5. Alternative Dispute Resolution: Optional provisions for mediation or arbitration before court proceedings
6. Language: Required when agreement needs to be executed in multiple languages (Arabic/English)
1. Schedule 1 - Scope of Indemnified Risks: Detailed listing of specific risks, activities, or circumstances covered by the indemnities
2. Schedule 2 - Excluded Claims: List of claims and circumstances explicitly excluded from the indemnities and waivers
3. Schedule 3 - Insurance Requirements: Detailed insurance requirements including types of coverage and minimum limits
4. Schedule 4 - Claims Procedure: Detailed procedure for notification and handling of claims
5. Appendix A - Form of Notice: Template for formal notices under the agreement
6. Appendix B - Associated Companies: List of affiliated companies covered by the indemnities and waivers
Authors
Oil & Gas
Construction
Infrastructure
Energy
Manufacturing
Maritime
Engineering Services
Mining
Real Estate Development
Industrial Services
Transportation
Utilities
Aviation
Legal
Risk Management
Contracts
Operations
Commercial
Compliance
Finance
Insurance
Health and Safety
Project Management
Procurement
Legal Counsel
Risk Manager
Contract Manager
Project Director
Operations Manager
Commercial Manager
Chief Legal Officer
Compliance Officer
Business Development Director
Chief Financial Officer
Insurance Manager
Health and Safety Manager
Project Manager
Procurement Manager
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