Indemnity Agreement Form Template for Saudi Arabia

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

2. Security Provisions: Used when additional security or guarantees are required to support the indemnity

3. Third Party Rights: Included when the indemnity extends to or affects third parties

4. Currency and Payment Terms: Required for cross-border arrangements or specific payment mechanisms

5. Dispute Resolution: Detailed dispute resolution procedures, including potential arbitration provisions

6. Force Majeure: Included when parties wish to address extraordinary events affecting the indemnity obligations

7. Confidentiality: Required when sensitive information is involved in the indemnified activities

8. Assignment and Transfer: Included when transfer rights need to be specifically addressed

1. Schedule 1 - Specified Events: Detailed list of events or circumstances covered by the indemnity

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

3. Schedule 3 - Security Documents: Details of any security or guarantees provided to support the indemnity

4. Schedule 4 - Contact Details: Comprehensive contact information for notices and claims

5. Appendix A - Form of Claim Notice: Standard template for submitting indemnity claims

6. Appendix B - Required Documents: List of documents required for verification of claims