The Client Indemnity Form is a crucial risk management tool used in Singapore business relationships where one party seeks protection against potential losses or liabilities. This document, governed by Singapore law, is commonly implemented when engaging in professional services, high-risk activities, or situations where clear allocation of risk is essential. The form typically includes detailed provisions about the scope of indemnity, triggering events, claim procedures, and any limitations or exclusions, all while ensuring compliance with Singapore's legal framework and industry-specific regulations.
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1. Parties: Identification of the indemnifying party and the indemnified party
2. Background: Context and purpose of the indemnity
3. Definitions: Key terms used in the document
4. Scope of Indemnity: Specific circumstances and losses covered by the indemnity
5. Duration: Period during which the indemnity remains valid
6. Execution: Signing provisions and witnessing requirements
1. Insurance Requirements: Details of required insurance coverage to back the indemnity. Include when specific risks need to be insured
2. Claims Procedure: Process for making indemnity claims. Recommended for complex arrangements or high-value indemnities
3. Limitations: Specific exclusions or caps on liability. Include when parties agree to limit the scope of indemnity
1. Schedule of Covered Activities: Detailed list of activities covered by the indemnity
2. Schedule of Excluded Claims: Specific exclusions from the indemnity coverage
3. Insurance Certificates: Copies of relevant insurance policies and certificates
Relevant legal definitions
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