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Basic Simple Indemnity Form Template for Singapore

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Key Requirements PROMPT example:

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."

What is a Basic Simple Indemnity Form?

The Basic Simple Indemnity Form serves as a fundamental risk management tool in Singapore business relationships. It establishes clear obligations for compensation in case of specified losses or damages, providing certainty and protection for commercial transactions. This document type is commonly used when one party needs to protect another from potential losses arising from specific actions, events, or circumstances. The form must comply with Singapore contract law principles and typically includes detailed provisions on the scope of protection, duration, and enforcement mechanisms.

What sections should be included in a Basic Simple Indemnity Form?

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

What sections are optional to include in a Basic Simple Indemnity Form?

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

What schedules should be included in a Basic Simple Indemnity Form?

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















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Industries

Contract Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore. Essential for ensuring the indemnity agreement meets basic contractual requirements.

Common Law Principles: Fundamental principles from case law that govern contract formation, including offer, acceptance, consideration, and intention to create legal relations.

Civil Law Act (Cap. 43): Key legislation that modifies and supplements common law principles in Singapore's context, particularly relevant for contractual obligations.

Limitation Act (Cap. 163): Establishes statutory time limits for bringing legal claims and enforcement of contractual rights, including indemnity claims.

Unfair Contract Terms Act (Cap. 396): Regulates and restricts the use of exclusion and limitation clauses, ensuring indemnity terms are reasonable and enforceable.

Misrepresentation Act (Cap. 390): Governs false or misleading statements made during contract formation, relevant for representations in indemnity agreements.

Third Parties (Rights against Insurers) Act: Relevant when indemnity involves insurance aspects, protecting rights of third parties in insurance-related matters.

Causation Principle: Legal principle determining the connection between breach and damages, essential for defining scope of indemnification.

Remoteness of Damage: Principle limiting recovery to reasonably foreseeable losses, important for defining extent of indemnity coverage.

Consideration Doctrine: Legal requirement that each party must provide something of value for the contract to be binding, applicable to indemnity agreements.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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