Liability Indemnity Agreement Template for Saudi Arabia

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

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

3. Third Party Rights: Needed when indemnification extends to affiliated parties or specific third parties

4. Subrogation Rights: Include when addressing rights of insurers or other parties who may become involved

5. Force Majeure: Optional section addressing how extraordinary events affect indemnification obligations

6. Confidentiality: Required when the agreement involves sensitive information or trade secrets

7. Anti-corruption Compliance: Important for international transactions or government-related contracts

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

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

3. Schedule 3 - Claims Procedures: Detailed procedures for making and processing indemnity claims

4. Schedule 4 - Excluded Claims: Specific exclusions from the indemnity coverage

5. Schedule 5 - Required Insurance Coverage: Details of insurance policies required to be maintained

6. Appendix A - Form of Claim Notice: Standard form for notifying indemnitor of claims

7. Appendix B - Contact Information: Detailed contact information for notices and claims submission