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Simple Indemnification Agreement
"I need a Simple Indemnification Agreement under Singapore law to protect my software company against potential losses arising from third-party integration services, to be effective from March 1, 2025, with specific coverage for data breaches and service interruptions."
1. Parties: Identifies and defines the indemnifier and indemnitee
2. Background: Explains the context and purpose of the indemnification
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Indemnity: Clearly defines what is covered by the indemnification
5. Duration: Specifies how long the indemnity remains in effect
6. Governing Law: Specifies Singapore law as governing law
1. Insurance Requirements: Specifies insurance obligations when specific insurance coverage is required to support the indemnity
2. Claims Procedure: Details process for making claims, used in complex arrangements where claim procedures need to be specified
3. Limitations on Liability: Specifies caps or exclusions to the indemnity when parties agree to limit the scope or amount of indemnification
1. Schedule of Covered Events: Detailed list of specific events or circumstances covered by the indemnity
2. Schedule of Excluded Events: List of specific exclusions from the indemnity coverage
3. Claims Notice Form: Template for making claims under the indemnity
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