Indemnity Agreement Template for Saudi Arabia

1. Security: Include when additional security for the indemnity obligation is required, such as guarantees or collateral

2. Insurance: Include when specific insurance requirements are imposed on either party

3. Subrogation Rights: Include when addressing the indemnitor's rights to pursue claims against third parties

4. Confidentiality: Include when the indemnity relates to sensitive information or confidential matters

5. Assignment: Include when transfer rights need to be specifically addressed

6. Force Majeure: Include when certain events should excuse performance of the indemnity obligation

7. Counter-Indemnity: Include when there are reciprocal indemnity obligations

8. Compliance with Sharia: Include specific provisions ensuring compliance with Islamic law principles when dealing with financial institutions or when specifically required

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

2. Schedule of Claim Procedures: Detailed procedures for making and processing indemnity claims

3. Schedule of Pre-Existing Claims: List of known claims or circumstances that may give rise to indemnity obligations

4. Schedule of Excluded Claims: Detailed list of specific exclusions from the indemnity coverage

5. Schedule of Security Documents: List and copies of any security documents provided in support of the indemnity obligation

6. Appendix - Form of Notice: Standard form for providing notice of claims under the agreement

7. Appendix - Calculation of Losses: Methodology for calculating indemnifiable losses