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Mutual Indemnity And Waiver Of Recourse Agreement
"Need a Mutual Indemnity And Waiver Of Recourse Agreement for a joint construction project between three contractors in London, with specific focus on equipment sharing and site safety, to be effective from March 2025."
1. Parties: Identification and details of all contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Mutual Indemnities: Core indemnification obligations of each party
5. Waiver of Recourse: Specific provisions waiving rights of recourse between parties
6. Term and Termination: Duration and termination provisions
7. Governing Law and Jurisdiction: Specification of English and Welsh law and courts
1. Insurance Requirements: Specific insurance obligations, used when parties need to maintain certain coverage
2. Parent Company Guarantee: Additional security provisions when one or more parties are subsidiaries
3. Confidentiality: Protection of sensitive information when confidential information will be shared
1. Schedule 1 - Scope of Indemnities: Detailed description of indemnified risks and obligations
2. Schedule 2 - Insurance Requirements: Specific insurance types and coverage levels required
3. Schedule 3 - Form of Parent Company Guarantee: Standard form of parent company guarantee if required
4. Appendix A - Defined Terms: Extended definitions and interpretations
Authors
Agreement
Business Day
Claims
Consequential Loss
Effective Date
Force Majeure
Group
Indemnified Parties
Indemnifying Party
Insurer
Liability
Loss
Parent Company
Parties
Project
Representatives
Services
Subcontractor
Term
Third Party
Waiver Period
Wilful Misconduct
Gross Negligence
Insurance Policy
Intellectual Property Rights
Confidential Information
Working Day
Applicable Law
Jurisdiction
Waiver of Recourse
Insurance Requirements
Scope of Application
Liability Limitations
Force Majeure
Confidentiality
Third Party Rights
Duration and Termination
Assignment and Transfer
Notice Requirements
Dispute Resolution
Governing Law and Jurisdiction
Severability
Entire Agreement
Amendments
Counterparts
Parent Company Guarantee
Claims Procedures
Subrogation Rights
Compliance with Laws
Relationship of Parties
Costs and Expenses
Survival Provisions
Representations and Warranties
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