Indemnity Declaration Template for Singapore

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Key Requirements PROMPT example:

Indemnity Declaration

"I need an Indemnity Declaration for our construction company to indemnify the property owner against any damages or injuries that might occur during our renovation work starting March 2025, with specific coverage for structural modifications and worker safety."

Document background

An Indemnity Declaration is commonly used in Singapore when one party needs to provide financial protection or risk coverage to another. This document, governed by Singapore law, creates a legally binding commitment to compensate for specific losses or liabilities. The declaration typically outlines the scope of protection, circumstances triggering the indemnity, and any limitations or conditions. It's particularly important in commercial transactions, construction projects, and financial arrangements where risk allocation needs to be clearly documented.

Suggested Sections

1. Declaration Statement: Opening statement identifying the declarant and purpose

2. Declarant Details: Full legal name, address, and identification of the person making the declaration

3. Indemnity Scope: Specific details of what losses, damages, or liabilities are being indemnified

4. Duration: Period for which the indemnity remains valid

5. Governing Law: Explicit statement of Singapore law as governing law

6. Execution: Signature block and witnessing requirements

Optional Sections

1. Definitions: Required when technical or complex terms are used that need specific definition

2. Limitations: Specific exclusions or caps on indemnity, used when indemnity needs to be qualified or limited

3. Claims Procedure: Process for making claims under the indemnity, used for complex indemnities or when specific procedures need to be followed

Suggested Schedules

1. Schedule of Assets: List of specific assets covered by indemnity, used when indemnity relates to specific property or assets

2. Schedule of Events: Timeline or list of specific events covered by the indemnity

3. Supporting Documents: Any relevant certificates, licenses, or supporting documentation required to support the declaration

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Construction
Financial Services
Real Estate
Manufacturing
Technology

Relevant Teams

Legal
Finance
Risk Management
Compliance
Operations

Relevant Roles

Chief Financial Officer
Risk Manager
Contract Manager
Project Manager
Legal Counsel

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Let's create your Indemnity Declaration

Authors

Alex Denne

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