Indemnity Bond Agreement Template for Australia

1. Security Provisions: Required when additional security or collateral is provided to support the indemnity obligation

2. Counter-Indemnity: Used when there is a back-to-back indemnity arrangement with a third party

3. Insurance Requirements: Included when specific insurance coverage must be maintained by either party

4. Step-In Rights: Required when the Indemnitee needs the right to take over certain obligations or operations

5. Multiple Indemnitors: Necessary when more than one party is providing the indemnity, defining joint and several liability

6. Assignment and Transfer: Include when transfer rights need to be specifically addressed

7. Dispute Resolution: Optional detailed alternative dispute resolution procedures beyond court jurisdiction

8. Confidentiality: Required when sensitive information will be shared between parties

1. Schedule 1 - Bond Amount Calculation: Details the methodology for calculating the bond amount and any adjustments

2. Schedule 2 - Claim Form Template: Standard form for submitting claims under the indemnity bond

3. Schedule 3 - Supporting Documents: List of required documentation for bond activation or claims

4. Schedule 4 - Security Details: Description of any security or collateral provided

5. Appendix A - Authorized Representatives: List of persons authorized to act on behalf of each party

6. Appendix B - Notice Details: Contact information and prescribed methods for formal notices

7. Appendix C - Compliance Requirements: Specific regulatory or contractual compliance obligations