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Simple Indemnity Agreement
"I need a Simple Indemnity Agreement under Singapore law for my technology company to protect against potential losses from a software development contractor, with specific focus on intellectual property claims and data breaches."
1. Parties: Identification of indemnifier and indemnitee with full legal names and addresses
2. Background: Context and purpose of the indemnity arrangement, including relevant relationship between parties
3. Definitions: Key terms used in the agreement including 'Indemnified Party', 'Losses', 'Claims', etc.
4. Scope of Indemnity: Detailed description of specific losses, damages, and circumstances covered by the indemnity
5. Duration: Term of the indemnity coverage and any survival provisions
6. Notice Requirements: Process and timeframes for making claims under the indemnity
7. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Insurance Requirements: Details of insurance coverage requirements including types, amounts, and duration of coverage
2. Limitations on Liability: Specific caps, exclusions, or restrictions on indemnity obligations
3. Third Party Claims: Procedures for handling claims made by third parties and defense obligations
4. Dispute Resolution: Alternative dispute resolution procedures including mediation and arbitration provisions
1. Schedule A - Covered Events: Comprehensive list of circumstances and events triggering indemnity obligations
2. Schedule B - Excluded Events: Detailed list of specific exclusions from indemnity coverage
3. Schedule C - Notice Requirements: Detailed procedures and forms for claim notifications and supporting documentation
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