Liability Agreement Template for Saudi Arabia

1. Insurance Requirements: Details required insurance coverage when liability involves insurable risks

2. Compliance with Sharia: Specific provisions ensuring compliance with Islamic law principles when required

3. Third Party Rights: Addresses rights of third parties when they may be affected by the liability arrangement

4. Confidentiality: Includes confidentiality obligations when sensitive information is involved

5. Assignment: Provisions regarding the transfer of liability obligations when relevant

6. Step-in Rights: Procedures for assuming control or responsibility in specific circumstances

7. Parent Company Guarantee: Additional guarantee provisions when corporate groups are involved

1. Schedule 1 - Liability Calculation Method: Detailed methodology for calculating liability amounts

2. Schedule 2 - Specific Excluded Events: List of events or circumstances specifically excluded from liability

3. Schedule 3 - Insurance Requirements: Detailed insurance specifications and coverage requirements

4. Schedule 4 - Contact Details: Comprehensive contact information for all relevant parties

5. Appendix A - Related Agreements: List and details of any related agreements affecting liability

6. Appendix B - Claim Procedures: Detailed procedures for making and processing liability claims

7. Appendix C - Required Documentation: List of documents required for liability claims or proof