Indemnification Contract Template for Saudi Arabia

1. Insurance Requirements: Required when indemnification is linked to insurance coverage obligations

2. Security: Optional section for any collateral or security provided to support the indemnification

3. Third Party Rights: Required when indemnification extends to affiliated parties or subsidiaries

4. Currency and Payment Terms: Needed when payments may be made in multiple currencies or specific payment terms apply

5. Confidentiality: Required when indemnification relates to confidential information or trade secrets

6. Force Majeure: Optional clause addressing extraordinary events affecting indemnification obligations

7. Assignment: Required when transfer rights need to be addressed specifically

1. Schedule 1: Specific Indemnified Events: Detailed list of events or circumstances covered by the indemnification

2. Schedule 2: Calculation of Losses: Methodology for calculating covered losses and damages

3. Schedule 3: Claim Form Template: Standard form for submitting indemnification claims

4. Schedule 4: Contact Details: List of key contacts and authorized representatives for both parties

5. Appendix A: Supporting Documents: Copies of relevant certificates, permits, or underlying agreements

6. Appendix B: Insurance Certificates: Copies of relevant insurance policies or certificates when applicable