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Hold Harmless Agreement (Insurance) Template for Saudi Arabia

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Key Requirements PROMPT example:

Hold Harmless Agreement (Insurance)

"I need a Hold Harmless Agreement (Insurance) for a construction project in Riyadh, where our company will be the main contractor indemnifying the property owner against all construction-related risks, with coverage starting from March 2025."

Document background
The Hold Harmless Agreement (Insurance) is essential in Saudi Arabian business operations where risk transfer and protection mechanisms are required between contracting parties. This document type is commonly used in situations where one party needs to protect another from potential claims, losses, or legal liabilities arising from specific activities or circumstances. It is particularly relevant in commercial, construction, and professional service contexts where risk management is crucial. The agreement must comply with Saudi Arabian legal requirements, including Sharia law principles, the Civil Code, and insurance regulations. It typically includes detailed provisions about insurance coverage, claim procedures, and risk allocation mechanisms. The document's structure and content are designed to be enforceable under Saudi law while providing clear protection and risk transfer mechanisms for the parties involved.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and registration details

2. Background: Context of the agreement, relationship between parties, and general purpose of the hold harmless arrangement

3. Definitions: Detailed definitions of key terms used throughout the agreement, including specific insurance and indemnification terminology

4. Scope of Indemnification: Clear specification of what risks, activities, or circumstances are covered by the hold harmless provision

5. Duration: Period during which the hold harmless protection remains in effect

6. Indemnification Obligations: Detailed description of the specific obligations of the indemnifying party

7. Limitations of Liability: Any caps, exclusions, or limitations on the indemnification obligation

8. Insurance Requirements: Specific insurance coverage requirements and minimum coverage amounts

9. Notice Requirements: Procedures and timeframes for notifying parties of claims or incidents

10. Governing Law and Jurisdiction: Confirmation of Saudi law application and relevant jurisdiction for disputes

11. Dispute Resolution: Process for resolving any disputes related to the agreement

12. Execution: Signature blocks and execution requirements compliant with Saudi law

Optional Sections

1. Force Majeure: Provisions for unforeseen circumstances that may affect the agreement, used when specific risk allocation for extraordinary events is needed

2. Subrogation Rights: Details of insurance subrogation rights, included when insurance companies are involved

3. Cross-Indemnification: Mutual indemnification provisions, used when both parties are providing reciprocal protection

4. Confidentiality: Provisions for protecting sensitive information, included when confidential information is involved

5. Assignment: Rights and restrictions regarding transfer of agreement obligations, used in complex commercial relationships

6. Severability: Provisions for maintaining validity if parts are found unenforceable, included in higher-risk agreements

7. Sharia Compliance Declaration: Specific declaration of Sharia compliance, included when required by particular institutions or circumstances

Suggested Schedules

1. Schedule A - Scope of Protected Activities: Detailed list of activities, operations, or circumstances covered by the hold harmless provision

2. Schedule B - Insurance Certificates: Copies of required insurance certificates and coverage details

3. Schedule C - Claim Procedures: Detailed procedures for handling and processing claims

4. Schedule D - Risk Assessment: Assessment of risks covered and their potential impact

5. Appendix 1 - Contact Information: List of key contacts and their roles for notice and claim purposes

6. Appendix 2 - Required Forms: Standard forms required for claim submission or incident reporting

Authors

Alex Denne

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

Relevant legal definitions


































Clauses






























Relevant Industries

Construction

Real Estate

Manufacturing

Oil & Gas

Healthcare

Events & Entertainment

Transportation & Logistics

Professional Services

Retail

Insurance

Financial Services

Industrial

Property Management

Energy

Relevant Teams

Legal

Risk Management

Compliance

Operations

Insurance

Contracts Administration

Project Management

Facilities Management

Health & Safety

Commercial

Business Development

Relevant Roles

Risk Manager

Legal Counsel

Compliance Officer

Insurance Manager

Contract Manager

Project Manager

Operations Director

Facility Manager

Safety Officer

Chief Legal Officer

Chief Risk Officer

Insurance Underwriter

Claims Manager

Commercial Director

General Counsel

Business Development Manager

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

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