Indemnification Agreement Form Template for South Africa

1. Insurance Requirements: Specifies insurance obligations of either party - include when specific insurance coverage is required to support the indemnification

2. Security: Details of any security required to support the indemnification - include when collateral or guarantees are part of the arrangement

3. Subrogation Rights: Rights of the Indemnifier to pursue claims against third parties - include in complex commercial arrangements

4. Cross-Indemnification: Mutual indemnification provisions - include when both parties are providing indemnification

5. Limitation of Liability: Caps or limitations on the indemnification obligation - include when parties agree to specific monetary limits

6. Confidentiality: Provisions regarding confidential information - include when sensitive information will be shared

7. Force Majeure: Events excusing performance - include when external events might affect indemnification obligations

1. Schedule A - Specific Indemnified Events: Detailed list of specific events, activities, or circumstances covered by the indemnification

2. Schedule B - Calculation of Losses: Methodology for calculating indemnifiable losses or damages

3. Schedule C - Claims Procedures: Detailed procedures for claiming under the indemnity, including required documentation

4. Schedule D - Insurance Requirements: Specific insurance requirements including types of coverage and minimum amounts

5. Appendix 1 - Notice Forms: Template forms for providing notice of claims under the agreement

6. Appendix 2 - Corporate Resolutions: Copies of corporate resolutions authorizing the indemnification (if applicable)