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Release And Indemnity Form

Release And Indemnity Form for Singapore

Release And Indemnity Form Template for Singapore

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Release And Indemnity Form

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What is a Release And Indemnity Form?

The Release And Indemnity Form serves as a critical risk management tool in Singapore's legal framework. It is commonly used when activities or transactions involve potential risks or liabilities, providing a mechanism for parties to allocate risk and protect against future claims. This document should be carefully drafted to ensure compliance with Singapore's strict contractual requirements while maintaining fairness and reasonableness. It typically includes specific details about the scope of release, indemnification obligations, and any exceptions or limitations as required by Singapore law.

What sections should be included in a Release And Indemnity Form?

1. Parties: Identification of the releasing and indemnified parties with full legal names and details

2. Background: Context and circumstances leading to the release and indemnity agreement

3. Definitions: Key terms used throughout the agreement including 'Released Claims', 'Indemnified Parties', etc.

4. Release Clause: Comprehensive terms of release from liability or claims, including scope and extent of release

5. Indemnification Clause: Detailed terms of indemnification including scope, limitations, and process for claiming indemnity

6. Governing Law: Specification of Singapore law as governing law and jurisdiction

What sections are optional to include in a Release And Indemnity Form?

1. Consideration: Details of any payment or consideration for the release, used when there is monetary or other consideration

2. Confidentiality: Terms regarding confidentiality of the agreement and its contents, used when parties require privacy

3. Dispute ReΊμΠΣΦ±²₯: Procedures for resolving disputes, including mediation or arbitration provisions if desired

4. Severability: Clause ensuring remainder of agreement stays valid if any part is found unenforceable

What schedules should be included in a Release And Indemnity Form?

1. Schedule of Released Claims: Detailed itemization of specific claims, rights, and causes of action being released

2. Schedule of Indemnified Matters: Comprehensive list of specific matters, events, or circumstances covered by the indemnity

3. Schedule of Related Parties: List of affiliated parties, subsidiaries, or individuals covered by the release and indemnity

Authors

Alex Denne

Head of Growth (Open Source Law) @ ΊμΠΣΦ±²₯ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




















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Industries

Contract Act (Cap. 53): Primary legislation governing contract formation and enforcement in Singapore, covering essential elements like offer, acceptance, consideration, and intention to create legal relations

Civil Law Act (Cap. 43): Fundamental legislation governing civil matters in Singapore, including contractual relationships and remedies

Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts, particularly relevant for exclusion and limitation clauses in release and indemnity agreements

Limitation Act (Cap. 163): Sets time limits for bringing legal claims, which must be considered when drafting release and indemnity provisions

Contracts (Rights of Third Parties) Act: Governs how third parties may enforce terms of a contract, particularly relevant for indemnity agreements that may affect third party rights

Misrepresentation Act: Provides remedies for false statements made during contract formation, which cannot be excluded by release clauses

Reasonableness Test: Legal principle requiring exclusion and indemnity clauses to be reasonable in scope and effect to be enforceable

Public Policy Doctrine: Legal principle that prevents enforcement of contract terms that contradict public policy, such as attempts to exclude liability for death or personal injury

Fundamental Breach Rule: Legal principle stating that liability for fundamental breach of contract cannot typically be excluded through release or indemnity clauses

Industry-Specific Regulations: Sector-specific laws and regulations that may affect the validity and scope of release and indemnity agreements in particular industries

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, Β Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, Β Severance Pay, Governing Law, Entire Agreemen

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