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Deed Of Indemnity And Release

Deed Of Indemnity And Release Template for Singapore

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Key Requirements PROMPT example:

Deed Of Indemnity And Release

"I need a Deed of Indemnity and Release to protect my construction company from future claims related to a completed development project, while releasing the subcontractors from any existing claims up to January 2025."

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Document background
A Deed of Indemnity and Release is commonly used in Singapore when parties need to establish clear protection against future liabilities while resolving existing claims. This document is particularly valuable in corporate transactions, settlements, and risk management scenarios. The deed format provides additional enforceability under Singapore law compared to simple contracts, making it especially suitable for significant commercial arrangements. It typically includes detailed provisions about the scope of indemnity, the claims being released, and the conditions under which these obligations operate.
Suggested Sections

1. Parties: Identifies and defines the indemnifying party and beneficiary

2. Background: Sets out the context and circumstances leading to the indemnity

3. Definitions: Defines key terms used throughout the deed

4. Indemnity: Core provisions detailing the scope and nature of indemnification

5. Release: Provisions regarding the release of claims

6. Execution: Formal execution blocks for parties

Optional Sections

1. Conditions Precedent: Used when indemnity is conditional on certain events or preconditions

2. Duration: Specifies time limits on indemnity obligations when not intended to be perpetual

3. Insurance: Requirements for insurance coverage when indemnifying party must maintain specific insurance

4. Exclusions: Specific exclusions from indemnity coverage for certain excluded matters

Suggested Schedules

1. Schedule of Released Claims: Detailed list of specific claims being released

2. Schedule of Indemnified Matters: Specific matters covered by the indemnity

3. Schedule of Related Agreements: List of agreements related to the indemnity

4. Corporate Authorizations: Required when parties are companies, showing authority to execute

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Industries

Civil Law Act (Cap. 43): Primary legislation governing contracts and deeds in Singapore, including requirements for valid execution of deeds and provisions relating to consideration

Contracts Act (Cap. 53): Fundamental legislation covering basic principles of contract formation, validity of contractual terms, and capacity to contract

Limitation Act (Cap. 163): Legislation governing time limits for bringing claims, limitation periods for different types of actions, and their effect on indemnity obligations

Companies Act (Cap. 50): Corporate law requirements for company execution of deeds, including requirements for company seals and directors' powers and authority

Common Law Principles: Uncodified legal principles including doctrine of privity of contract, rules regarding release of claims, and principles of indemnification

Rules of Court: Procedural rules governing enforcement mechanisms and legal procedures for claims in Singapore courts

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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