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Subrogation Agreement Template for Singapore

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Key Requirements PROMPT example:

Subrogation Agreement

"Need a Subrogation Agreement under Singapore law for an insurance claim related to flood damage at our warehouse, where our insurer (ABC Insurance) paid out SGD 500,000 in March 2025 and now needs to pursue recovery against the building management company."

Document background
A Subrogation Agreement becomes necessary when an insurance company has compensated an insured party for a loss and seeks to recover the paid amount from a responsible third party. Under Singapore law, this document formalizes the transfer of legal rights from the insured to the insurer, enabling the latter to pursue recovery actions. The agreement typically details the original claim, compensation paid, rights being transferred, and obligations of both parties. This document is particularly important in Singapore's insurance sector, where clear documentation of subrogation rights is essential for legal enforcement.
Suggested Sections

1. Parties: Identifies and defines the parties to the agreement (insurer and insured)

2. Background: Sets out the context, including details of the original claim, insurance policy, and circumstances leading to subrogation

3. Definitions: Defines key terms including 'Claim', 'Insurance Policy', 'Recovery Rights', 'Subrogated Rights'

4. Grant of Subrogation Rights: Details the transfer of rights from insured to insurer, including scope and nature of rights being transferred

5. Scope of Rights: Specifies extent and limitations of subrogated rights, including any reservations or exceptions

6. Obligations of the Parties: Lists duties and responsibilities including cooperation in recovery actions and document provision

7. Representations and Warranties: Statements regarding authority to transfer rights and validity of claims

8. Governing Law and Jurisdiction: Specifies Singapore law as governing law and jurisdiction for disputes

Optional Sections

1. Cooperation Clause: Details specific requirements for cooperation between parties in pursuing claims against third parties

2. Costs and Expenses: Provisions for allocation and handling of costs related to recovery actions

3. Confidentiality: Provisions for handling confidential information and documents

4. Further Assurance: Commitment to execute additional documents or take further actions if needed

Suggested Schedules

1. Schedule 1 - Insurance Policies: Details of relevant insurance policies including policy numbers, coverage, and terms

2. Schedule 2 - Schedule of Claims: Comprehensive list of claims being subrogated including dates, amounts, and circumstances

3. Schedule 3 - Supporting Documents: List of all relevant documentation supporting the subrogation claim

4. Appendix A - Power of Attorney: Form of power of attorney for legal proceedings if required

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

Relevant legal definitions

























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Industries

Civil Law Act (Cap. 43): Primary legislation governing civil law matters in Singapore, including principles of contract law and remedies

Insurance Act (Cap. 142): Core legislation regulating insurance business and insurance contracts in Singapore, providing the regulatory framework for insurance-related matters

Common Law Contract Principles: Singapore contract law is largely based on English common law principles, governing formation and enforcement of contracts

Law of Assignment: Legal principles governing the transfer of rights and obligations, both under common law and statutory provisions in Singapore

Law of Insurance: Principles governing insurance contracts, particularly focusing on the principle of indemnity in the context of subrogation

Doctrine of Subrogation: Common law principle allowing an insurer to step into the insured's shoes to recover losses from third parties after paying out a claim

Limitation Act (Cap. 163): Legislation setting time limits for bringing various types of legal claims, including subrogation claims

Consumer Protection (Fair Trading) Act: Legislation protecting consumer interests in commercial transactions, relevant if the subrogation involves consumer contracts

Rules of Court: Procedural rules governing how subrogation claims must be brought and managed in Singapore courts

MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore affecting insurance operations and practices

Insurance Regulations: Subsidiary legislation and directives governing insurance practices and procedures in Singapore

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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