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Theft Waiver
"I need a Theft Waiver agreement for my retail chain's warehouse operations in Belgium, covering high-value electronics inventory worth €2M, to be effective from March 1, 2025, with specific provisions for after-hours security monitoring and employee theft coverage."
1. Parties: Identification of the waiver provider and the protected party/parties
2. Background: Context of the waiver, relationship between parties, and purpose of the agreement
3. Definitions: Definitions of key terms including 'theft', 'covered items', 'premises', and other relevant terminology
4. Scope of Waiver: Detailed description of what is covered under the waiver, including types of theft and covered property
5. Duration and Territory: Period of validity and geographical scope of the waiver
6. Claim Procedures: Step-by-step process for filing and handling theft claims
7. Obligations of Protected Party: Security measures, reporting requirements, and other obligations of the protected party
8. Exclusions: Specific circumstances or types of theft not covered by the waiver
9. Fees and Payments: Cost of the waiver and payment terms if applicable
10. Termination: Conditions and process for terminating the waiver
11. Governing Law and Jurisdiction: Specification of Belgian law as governing law and jurisdiction for disputes
1. Insurance Coordination: Required when the protected party has existing insurance coverage, detailing how the waiver coordinates with insurance policies
2. Multiple Locations: Needed when the waiver covers multiple premises or locations
3. Subrogation Rights: Include when the waiver provider wishes to retain rights to pursue third parties
4. Employee Theft: Required when coverage includes or specifically addresses theft by employees
5. Digital Asset Protection: Include when the waiver covers digital or virtual property
6. Corporate Guarantee: Needed when a parent company guarantee is required for the waiver
7. GDPR Compliance: Detailed section required when personal data processing is extensive
1. Schedule 1: Covered Items: Detailed list or categories of items covered under the waiver
2. Schedule 2: Claim Form: Standard form for submitting theft claims
3. Schedule 3: Security Requirements: Specified security measures and protocols required for coverage
4. Schedule 4: Fee Schedule: Detailed breakdown of fees and payment terms if applicable
5. Appendix A: Incident Reporting Procedure: Detailed steps for reporting theft incidents
6. Appendix B: Required Documentation: List of documents required for claim processing
7. Appendix C: Contact Information: Key contacts for claims, emergencies, and administration
Authors
Protected Property
Covered Location
Business Hours
Claim
Claim Period
Commencement Date
Effective Date
Exclusions
Force Majeure
Insured Value
Loss
Notice
Parties
Protected Party
Premises
Security Measures
Term
Theft Event
Waiver Fee
Waiver Period
Waiver Provider
Working Day
Valid Claim
Security Breach
Forcible Entry
Documentation
Authorities
Police Report
Inventory List
Value Declaration
Replacement Cost
Employee
Authorized Representative
Evidence of Loss
Notification Period
Duration
Territory
Payment Terms
Security Requirements
Reporting Obligations
Claims Procedure
Exclusions
Force Majeure
Termination
Liability
Insurance
Indemnification
Confidentiality
Data Protection
Notice Requirements
Assignment
Severability
Entire Agreement
Amendment
Waiver
Governing Law
Jurisdiction
Dispute Resolution
Compliance with Laws
Representations and Warranties
Force Majeure
Third Party Rights
Subrogation
Record Keeping
Audit Rights
Property Valuation
Loss Assessment
Emergency Procedures
Security Breach Notification
Retail
Warehousing and Logistics
Manufacturing
Jewelry and Luxury Goods
Electronics and Technology
Art and Antiquities
Banking and Financial Services
Hospitality
Construction
Transportation
Education
Legal
Risk Management
Compliance
Security
Operations
Facilities Management
Asset Management
Claims Processing
Contract Administration
Finance
Property Management
Loss Prevention
Risk Manager
Legal Counsel
Compliance Officer
Security Manager
Operations Director
Facility Manager
Asset Manager
Claims Administrator
Contract Manager
Insurance Coordinator
Chief Financial Officer
Property Manager
Loss Prevention Manager
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