Reciprocal Indemnity Agreement Template for Australia

1. Security: Required when parties need to provide additional security for their indemnity obligations

2. Parent Company Guarantee: Used when one or both parties require parent company backing for the indemnity obligations

3. Specific Risk Allocation: Detailed section for complex projects where specific risks need to be allocated between parties

4. Step-in Rights: Required when parties need the right to step in and manage claims on behalf of the other party

5. Third Party Rights: Needed when indemnities extend to affiliated entities or other third parties

6. Cross-border Provisions: Required when the agreement involves multiple jurisdictions

7. Confidentiality: Optional if not covered in a separate agreement

8. Force Majeure: May be included if certain events should suspend or modify indemnity obligations

1. Schedule 1 - Specified Risks: Detailed list of risks covered by the reciprocal indemnities

2. Schedule 2 - Insurance Requirements: Specific insurance types, coverage amounts, and terms required

3. Schedule 3 - Excluded Claims: Specific exclusions from the indemnity coverage

4. Schedule 4 - Claims Procedure: Detailed process flow and requirements for making and handling claims

5. Schedule 5 - Related Entities: List of affiliated entities covered by the indemnities

6. Appendix A - Notice Requirements: Forms and procedures for giving notice under the agreement

7. Appendix B - Claim Form Template: Standard form for submitting indemnity claims