Mutual Indemnity And Waiver Of Recourse Agreement Template for United Arab Emirates

1. Third Party Rights: Section addressing rights of third parties to benefit from or enforce the indemnities, used when group companies or contractors need protection

2. Specific Activity Exclusions: Detailed exclusions for specific high-risk activities, used in high-risk industries or specific project contexts

3. Financial Caps: Caps on indemnity amounts, used when parties want to limit their maximum exposure

4. Alternative Dispute Resolution: Procedures for mediation or arbitration, used when parties prefer alternative dispute resolution to court proceedings

5. Cross-Border Provisions: Additional provisions for cross-border enforcement, used when parties are from different jurisdictions

6. Force Majeure: Provisions addressing effect of force majeure events on indemnity obligations, used in long-term or high-risk agreements

1. Schedule 1 - Group Members: List of affiliated companies and entities covered by the indemnities and waivers

2. Schedule 2 - Covered Activities: Detailed description of activities, operations, or projects covered by the agreement

3. Schedule 3 - Insurance Requirements: Specific insurance types, coverage amounts, and terms required to support indemnities

4. Schedule 4 - Excluded Claims: Detailed list of claims and circumstances excluded from the indemnities and waivers

5. Appendix A - Claim Notification Form: Standard form for notifying claims under the agreement

6. Appendix B - Corporate Authorities: Evidence of corporate authority to enter into indemnity obligations