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Deductible Indemnity Agreement
"I need a Deductible Indemnity Agreement for my construction company in Singapore, with a S$50,000 deductible threshold and specific provisions for equipment damage claims arising from third-party contractors."
1. Parties: Identification and details of the indemnifier and indemnitee
2. Background: Context and purpose of the indemnity arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Indemnity: Specific losses, claims, and circumstances covered
5. Deductible Amount: Specification of the deductible amount and calculation method
6. Claims Process: Procedure for making and handling indemnity claims
7. Duration: Term of the agreement and survival provisions
1. Insurance Requirements: Optional section specifying insurance obligations when parties need to maintain specific insurance coverage
2. Security Provisions: Optional section detailing additional security for indemnity obligations when additional financial security is required
3. Subrogation Rights: Optional section covering rights to pursue third parties when recovery from third parties might be relevant
1. Schedule of Covered Events: Detailed list of circumstances triggering indemnity
2. Deductible Calculation Schedule: Detailed methodology for calculating deductible amounts
3. Claims Procedure: Detailed process flow for claims handling
4. Insurance Certificates: Copies of relevant insurance policies and certificates
Authors
Applicable Law
Business Day
Claim
Commencement Date
Covered Loss
Deductible
Deductible Amount
Effective Date
Excluded Claims
Force Majeure Event
Indemnified Party
Indemnifying Party
Indemnity Period
Insurance Policy
Insured Event
Liability
Loss
Material Adverse Effect
Notice
Parties
Related Entity
Singapore Dollars
Specified Events
Term
Third Party
Third Party Claim
Trigger Event
Underlying Insurance
Working Day
Deductible Calculation
Claims Procedure
Notice Requirements
Payment Terms
Insurance Requirements
Limitation of Liability
Force Majeure
Representations and Warranties
Confidentiality
Dispute Resolution
Governing Law
Assignment
Termination
Severability
Entire Agreement
Amendment and Modification
Subrogation Rights
Third Party Rights
Survival
Costs and Expenses
Record Keeping
Reporting Requirements
Set-off Rights
Time Limits
Currency
Notices
Counterparts
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