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Subrogation Agreement
"I need a Subrogation Agreement to transfer recovery rights to our insurance company following a major flood damage claim at our warehouse in Manchester, with specific provisions for pursuing multiple contractors who may have contributed to the damage."
1. Parties: Identification of all parties to the agreement including insurer, insured, and any other relevant parties
2. Background: Context of the agreement including details of the original claim or loss
3. Definitions: Key terms used throughout the agreement
4. Grant of Subrogation Rights: Core provisions transferring rights of recovery to the insurer
5. Cooperation Obligations: Duties of the insured to assist in recovery efforts
6. Recovery Process: Procedures for pursuing claims against third parties
1. Assignment Rights: Additional provisions for assignment of claims, used when multiple parties or jurisdictions are involved
2. Confidentiality: Provisions protecting sensitive information when dealing with commercially sensitive matters
3. Cross-Border Provisions: Special provisions for international recovery when claims involve multiple jurisdictions
1. Schedule of Claims: Detailed list of claims subject to subrogation
2. Insurance Policy Details: Reference to relevant insurance policies
3. Powers of Attorney: Documentation of legal authority for specific jurisdictions or recovery actions
4. Form of Notice: Template notices for third parties
Authors
Claim
Commencement Date
Confidential Information
Effective Date
Insurance Policy
Insured
Insured Party
Insurer
Loss
Original Claim
Parties
Policy
Recovered Amount
Recovery Action
Recovery Costs
Recovery Rights
Relevant Documents
Subrogated Rights
Subrogation
Subrogation Claim
Subrogation Rights
Term
Third Party
Third Party Claim
Working Day
Cooperation and Assistance
Recovery Process
Distribution of Proceeds
Warranties and Representations
Confidentiality
Assignment
Limitation of Liability
Indemnification
Notices
Further Assurance
Costs and Expenses
Dispute Resolution
Governing Law
Jurisdiction
Entire Agreement
Severability
Waiver
Force Majeure
Third Party Rights
Amendment
Counterparts
Data Protection
Record Keeping
Termination
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