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Basic Simple Indemnity Form
"I need a Basic Simple Indemnity Form under Singapore law to protect my construction company from liability when allowing a subcontractor to use our equipment on site from March 2025, with specific focus on damage to equipment and third-party injuries."
1. Parties: Identifies the indemnifier and indemnitee with full legal names and addresses
2. Background: Brief context explaining why the indemnity is being given
3. Definitions: Key terms used in the indemnity agreement
4. Scope of Indemnity: Clear description of what losses/events are covered by the indemnity
5. Duration: Period for which the indemnity remains valid
6. Execution: Signature blocks and witnessing requirements
1. Insurance Requirements: Details of required insurance coverage when indemnity is linked to insurance obligations
2. Claims Procedure: Process for making indemnity claims, used for complex indemnities or when specific notification requirements exist
3. Limitations and Exclusions: Specific carve-outs from the indemnity, used when certain risks or events need to be excluded
1. Schedule of Covered Events: Detailed list of specific events or losses covered by the indemnity
2. Schedule of Insurance Requirements: Detailed insurance specifications if applicable
3. Notice Requirements: Forms and procedures for giving notice under the indemnity
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