Mutual Indemnity And Waiver Of Recourse Agreement Template for Philippines

1. Third Party Rights: Include when the agreement needs to address rights of third parties or affiliates to benefit from the indemnities

2. Currency and Payment: Include when specific payment mechanisms or currency considerations need to be addressed

3. Dispute Resolution: Include when parties wish to specify alternative dispute resolution mechanisms like arbitration

4. Force Majeure: Include when parties want to address how extraordinary events affect indemnity obligations

5. Severability: Include when parties want to ensure partial invalidity doesn't affect entire agreement

6. Assignment: Include when transfer of rights under the agreement needs to be addressed

7. Language: Include when agreement might be translated to Filipino or other languages

1. Schedule 1 - Scope of Risks: Detailed description of risks covered by the indemnities and waivers

2. Schedule 2 - Insurance Requirements: Specific insurance types, coverage amounts, and requirements for each party

3. Schedule 3 - Excluded Claims: Detailed list of claims and circumstances excluded from the indemnities and waivers

4. Schedule 4 - Notice Requirements: Detailed procedures and contact information for claims and notices

5. Schedule 5 - Affiliate List: List of affiliates covered by the agreement, if applicable

6. Appendix A - Form of Claim Notice: Standard form for making claims under the agreement

7. Appendix B - Corporate Authorizations: Required corporate authorizations and board resolutions