Hold Harmless Agreement (Insurance) Template for Saudi Arabia

1. Force Majeure: Provisions for unforeseen circumstances that may affect the agreement, used when specific risk allocation for extraordinary events is needed

2. Subrogation Rights: Details of insurance subrogation rights, included when insurance companies are involved

3. Cross-Indemnification: Mutual indemnification provisions, used when both parties are providing reciprocal protection

4. Confidentiality: Provisions for protecting sensitive information, included when confidential information is involved

5. Assignment: Rights and restrictions regarding transfer of agreement obligations, used in complex commercial relationships

6. Severability: Provisions for maintaining validity if parts are found unenforceable, included in higher-risk agreements

7. Sharia Compliance Declaration: Specific declaration of Sharia compliance, included when required by particular institutions or circumstances

1. Schedule A - Scope of Protected Activities: Detailed list of activities, operations, or circumstances covered by the hold harmless provision

2. Schedule B - Insurance Certificates: Copies of required insurance certificates and coverage details

3. Schedule C - Claim Procedures: Detailed procedures for handling and processing claims

4. Schedule D - Risk Assessment: Assessment of risks covered and their potential impact

5. Appendix 1 - Contact Information: List of key contacts and their roles for notice and claim purposes

6. Appendix 2 - Required Forms: Standard forms required for claim submission or incident reporting