Standard Indemnity Agreement Template for Philippines

1. Insurance Requirements: Required when the indemnitor must maintain specific insurance coverage as part of the indemnification obligation

2. Security Provisions: Used when additional security (such as a bank guarantee or escrow) is required to support the indemnity

3. Third Party Claims Procedure: Needed when the agreement specifically covers third party claims and requires detailed procedures for handling them

4. Subrogation Rights: Include when the indemnitor needs rights to pursue claims against third parties after paying an indemnity

5. Tax Provisions: Required when indemnification payments have specific tax implications that need to be addressed

6. Multiple Indemnitors: Include when there are multiple parties providing indemnification, to address joint and several liability

7. Dispute Resolution: Optional alternative dispute resolution procedures such as arbitration or mediation

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

2. Schedule B - Claim Form Template: Standard form for submitting indemnification claims

3. Schedule C - Excluded Claims: List of specific exclusions from the indemnification coverage

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

5. Appendix 1 - Supporting Documents: Copies of relevant underlying agreements or documents referenced in the indemnity

6. Appendix 2 - Insurance Requirements: Detailed specifications of required insurance coverage, if applicable