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Release Of Indemnity
"I need a Release of Indemnity agreement for my construction company to release subcontractors from future claims following the completion of the Auckland office building project scheduled for March 2025, including specific provisions for workmanship warranties."
1. Parties: Identifies and defines all parties involved in the release agreement, including full legal names and addresses
2. Background: Explains the context and circumstances leading to the release of indemnity, including any relevant historical events or relationships
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Release Terms: Details the specific claims, rights, or obligations being released, including the scope and extent of the release
5. Consideration: Specifies what is being given in exchange for the release (monetary or otherwise)
6. Representations and Warranties: Statements of fact made by the parties about their authority to enter into the agreement and other relevant matters
7. Effective Date: Specifies when the release becomes effective and its duration
8. Governing Law: Confirms that New Zealand law governs the agreement and specifies jurisdiction for disputes
9. Execution: Formal signing section including space for signatures, dates, and witness details
1. Confidentiality: Required when the parties wish to keep the terms of the release private
2. Dispute Resolution: Include when parties want to specify a particular method for resolving future disputes
3. Partial Release: Used when the release only applies to specific claims or time periods rather than all possible claims
4. Third Party Rights: Include when the release affects the rights of parties not directly signing the agreement
5. Insurance Provisions: Required when insurance policies or claims are involved in the release
6. Severability: Include to ensure that if any provision is found invalid, the rest of the agreement remains enforceable
7. Future Claims: Used when addressing potential future claims that haven't yet arisen
1. Schedule 1 - Released Claims: Detailed list of specific claims, rights, or obligations being released
2. Schedule 2 - Excluded Claims: List of claims specifically excluded from the release
3. Schedule 3 - Related Agreements: List of any related agreements or documents affected by or relevant to the release
4. Appendix A - Supporting Documents: Copies of relevant supporting documentation referenced in the main agreement
5. Appendix B - Payment Details: If monetary consideration is involved, details of payment terms and methods
Authors
Effective Date
Released Claims
Released Parties
Releasor
Releasee
Claim
Consideration
Indemnified Matters
Losses
Related Entities
Dispute
Confidential Information
Force Majeure Event
Liability
Material Breach
Parties
Representatives
Excluded Claims
Governing Law
Release Period
Settlement Amount
Subject Matter
Third Party
Business Day
Affiliate
Intellectual Property Rights
Obligations
Indemnification
Consideration
Representations and Warranties
Confidentiality
Governing Law
Dispute Resolution
Severability
Entire Agreement
Assignment
Amendment
Notices
Further Assurance
Legal Costs
Force Majeure
Third Party Rights
Waiver
Time of Essence
Survivorship
Authority to Execute
No Admission of Liability
Insurance
Payment Terms
Execution Requirements
Construction
Manufacturing
Healthcare
Professional Services
Insurance
Real Estate
Transportation
Financial Services
Sports and Recreation
Education
Retail
Technology
Legal
Risk Management
Compliance
Corporate Affairs
Operations
Human Resources
Finance
Insurance
Commercial
Executive Management
Legal Counsel
Risk Manager
Compliance Officer
Contract Administrator
Project Manager
Insurance Manager
Chief Legal Officer
Claims Manager
Business Development Manager
Operations Manager
Human Resources Director
Chief Financial Officer
Chief Executive Officer
Company Secretary
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