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Hold Harmless Indemnity Agreement
"I need a Hold Harmless Indemnity Agreement for a construction project in Riyadh, where my company will be the main contractor indemnifying the property owner against any claims arising from construction activities starting March 2025."
1. Parties: Identification of the Indemnitor and Indemnitee, including full legal names, addresses, and registration details
2. Background: Context of the agreement, relationship between parties, and purpose of the indemnification
3. Definitions: Defined terms including 'Indemnified Party', 'Losses', 'Claims', 'Effective Date', and other key terms
4. Scope of Indemnification: Detailed description of what activities, losses, and claims are covered by the indemnity
5. Indemnification Obligations: Core provisions detailing the indemnitor's obligations to defend, indemnify, and hold harmless
6. Exclusions: Specific exclusions from the indemnity coverage, including willful misconduct and gross negligence
7. Notice Requirements: Procedures and timeframes for notifying parties of claims or potential claims
8. Defense of Claims: Process for defending against claims, including control of defense and settlement
9. Duration: Term of the agreement and survival of obligations
10. Governing Law: Specification of Saudi law as governing law and reference to Sharia compliance
11. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and venue
12. Execution: Signature requirements and execution formalities under Saudi law
1. Insurance Requirements: Required when specific insurance coverage needs to be maintained by either party
2. Consideration: Include when there is specific consideration for the indemnity beyond the primary agreement
3. Currency and Payment: Required when specific payment terms for indemnification need to be detailed
4. Confidentiality: Include when sensitive information will be shared in relation to indemnified activities
5. Force Majeure: Optional clause describing events that may excuse performance
6. Assignment: Include when transfer of rights needs to be restricted or permitted
7. Severability: Optional clause for preservation of remaining provisions if parts are found invalid
8. Language: Include when agreement needs to be in both Arabic and English
1. Schedule 1 - Scope of Indemnified Activities: Detailed list of specific activities covered by the indemnity
2. Schedule 2 - Excluded Events: Comprehensive list of excluded events or circumstances
3. Schedule 3 - Notice Requirements: Detailed procedures and contact information for claim notifications
4. Appendix A - Insurance Requirements: Specific insurance types, coverage amounts, and provider requirements
5. Appendix B - Form of Claim Notice: Template for submitting claims under the agreement
6. Appendix C - Authorized Representatives: List of authorized representatives for each party with contact details
Authors
Construction
Real Estate
Manufacturing
Oil & Gas
Healthcare
Transportation
Events & Entertainment
Professional Services
Retail
Education
Technology
Industrial
Hospitality
Energy
Infrastructure
Legal
Risk Management
Compliance
Operations
Commercial
Procurement
Business Development
Facilities Management
Project Management
Contract Administration
Legal Counsel
Risk Manager
Compliance Officer
Contract Manager
Project Manager
Business Development Manager
Operations Director
Facility Manager
Commercial Director
Chief Legal Officer
General Counsel
Chief Risk Officer
Procurement Manager
Chief Executive Officer
Chief Operating Officer
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