Hold Harmless Indemnity Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Hold Harmless Indemnity Agreement

"I need a Hold Harmless Indemnity Agreement for a construction project in Riyadh, where my company will be the main contractor indemnifying the property owner against any claims arising from construction activities starting March 2025."

Document background
The Hold Harmless Indemnity Agreement is a crucial legal instrument in Saudi Arabian business operations where risk allocation between parties needs to be clearly defined and documented. This agreement is commonly used in situations where one party wishes to protect themselves from potential claims, losses, or damages arising from specific activities or relationships. The document must be structured to comply with both Sharia law principles and Saudi Arabian commercial regulations, making it distinct from similar agreements in other jurisdictions. It typically includes detailed provisions on the scope of indemnification, claim procedures, and dispute resolution mechanisms, while ensuring that all terms are enforceable under Saudi law. The agreement is particularly important in high-risk industries or complex business relationships where clear allocation of risk and liability is essential for protecting parties' interests.
Suggested Sections

1. Parties: Identification of the Indemnitor and Indemnitee, including full legal names, addresses, and registration details

2. Background: Context of the agreement, relationship between parties, and purpose of the indemnification

3. Definitions: Defined terms including 'Indemnified Party', 'Losses', 'Claims', 'Effective Date', and other key terms

4. Scope of Indemnification: Detailed description of what activities, losses, and claims are covered by the indemnity

5. Indemnification Obligations: Core provisions detailing the indemnitor's obligations to defend, indemnify, and hold harmless

6. Exclusions: Specific exclusions from the indemnity coverage, including willful misconduct and gross negligence

7. Notice Requirements: Procedures and timeframes for notifying parties of claims or potential claims

8. Defense of Claims: Process for defending against claims, including control of defense and settlement

9. Duration: Term of the agreement and survival of obligations

10. Governing Law: Specification of Saudi law as governing law and reference to Sharia compliance

11. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and venue

12. Execution: Signature requirements and execution formalities under Saudi law

Optional Sections

1. Insurance Requirements: Required when specific insurance coverage needs to be maintained by either party

2. Consideration: Include when there is specific consideration for the indemnity beyond the primary agreement

3. Currency and Payment: Required when specific payment terms for indemnification need to be detailed

4. Confidentiality: Include when sensitive information will be shared in relation to indemnified activities

5. Force Majeure: Optional clause describing events that may excuse performance

6. Assignment: Include when transfer of rights needs to be restricted or permitted

7. Severability: Optional clause for preservation of remaining provisions if parts are found invalid

8. Language: Include when agreement needs to be in both Arabic and English

Suggested Schedules

1. Schedule 1 - Scope of Indemnified Activities: Detailed list of specific activities covered by the indemnity

2. Schedule 2 - Excluded Events: Comprehensive list of excluded events or circumstances

3. Schedule 3 - Notice Requirements: Detailed procedures and contact information for claim notifications

4. Appendix A - Insurance Requirements: Specific insurance types, coverage amounts, and provider requirements

5. Appendix B - Form of Claim Notice: Template for submitting claims under the agreement

6. Appendix C - Authorized Representatives: List of authorized representatives for each party with contact details

Authors

Alex Denne

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

Relevant legal definitions
Relevant Industries

Construction

Real Estate

Manufacturing

Oil & Gas

Healthcare

Transportation

Events & Entertainment

Professional Services

Retail

Education

Technology

Industrial

Hospitality

Energy

Infrastructure

Relevant Teams

Legal

Risk Management

Compliance

Operations

Commercial

Procurement

Business Development

Facilities Management

Project Management

Contract Administration

Relevant Roles

Legal Counsel

Risk Manager

Compliance Officer

Contract Manager

Project Manager

Business Development Manager

Operations Director

Facility Manager

Commercial Director

Chief Legal Officer

General Counsel

Chief Risk Officer

Procurement Manager

Chief Executive Officer

Chief Operating Officer

Industries
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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