The Letter of Indemnity Hold Harmless is commonly used in Singapore when one party needs to be protected from potential claims or losses arising from specific activities or relationships. This document type combines both indemnification and hold harmless provisions, making it particularly useful in commercial relationships where risk allocation is crucial. Under Singapore law, these agreements are enforceable subject to general contract law principles and specific regulations regarding indemnification. The document typically details the scope of protection, covered activities, exclusions, and duration of the indemnity.
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1. Opening Declaration: Date and declaration of indemnity commitment
2. Parties: Identification of indemnifier and indemnitee with full details
3. Subject Matter: Clear description of the activity, transaction or circumstance being indemnified
4. Scope of Indemnity: Detailed explanation of covered losses, damages, and liabilities
5. Duration: Time period for which the indemnity remains valid
6. Consideration: Statement of value exchanged for the indemnity
7. Signature Block: Space for signatures, witness details, and date of execution
1. Insurance Requirements: Details of required insurance coverage to support the indemnity
2. Notice Requirements: Procedures for notification of claims or potential claims
3. Dispute ReΊμΠΣΦ±²₯: Specific mechanisms for resolving disputes related to the indemnity
4. Governing Law: Explicit statement of applicable law and jurisdiction
5. Severability: Clause addressing the independence of provisions if any part is found invalid
1. Schedule A - Covered Activities: Detailed list of specific activities, transactions, or circumstances covered by the indemnity
2. Schedule B - Excluded Claims: Enumeration of specific exclusions from the indemnity coverage
3. Appendix 1 - Insurance Certificates: Copies of relevant insurance policies and certificates where applicable
4. Appendix 2 - Related Documents: Any supporting documents referenced in the main agreement
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