Document background
The Mutual Indemnity And Waiver Of Recourse Agreement serves as a critical risk management tool in complex commercial arrangements under Singapore law. It is particularly valuable when parties engage in activities with significant operational risks and need to establish clear boundaries for liability and indemnification. This agreement type is commonly used in joint ventures, construction projects, and other commercial arrangements where multiple parties interact and need to allocate risks effectively. The document typically includes detailed provisions on the scope of indemnities, insurance requirements, and specific circumstances under which parties agree not to pursue claims against each other.
