Limited Liability Waiver Template for Saudi Arabia

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Key Requirements PROMPT example:

Limited Liability Waiver

"I need a Limited Liability Waiver for a construction project in Riyadh between our company (AlBina Construction LLC) and three subcontractors, to be effective from March 2025, with specific focus on equipment usage and site safety protocols."

Document background
The Limited Liability Waiver is a critical legal document used in Saudi Arabian business operations to establish clear boundaries of liability between parties. This document is particularly relevant in situations involving business partnerships, service agreements, or high-risk commercial activities where parties need to clearly define and limit their potential liabilities. The waiver must strictly comply with Saudi Companies Law and Sharia principles, making it distinct from similar documents in other jurisdictions. It typically includes specific provisions for dispute resolution through Saudi commercial courts, detailed scope of the waiver, and explicit exceptions to ensure enforceability. The document is essential for risk management and is commonly used in various business sectors operating within the Kingdom of Saudi Arabia.
Suggested Sections

1. Parties: Identification and details of all parties involved in the waiver agreement

2. Background: Context and circumstances leading to the waiver agreement

3. Definitions: Clear definitions of key terms used throughout the document

4. Scope of Waiver: Detailed description of what liability is being waived and under what circumstances

5. Duration: Time period for which the waiver remains valid

6. Limitations and Exceptions: Specific circumstances where the waiver does not apply

7. Representations and Warranties: Statements of fact and guarantees made by both parties

8. Compliance with Sharia: Declaration of compliance with Islamic law principles

9. Governing Law: Explicit statement of Saudi law as governing law and reference to Sharia principles

10. Dispute Resolution: Procedures for resolving disputes, including jurisdiction of Saudi courts

Optional Sections

1. Indemnification: Additional provisions for indemnifying parties against specific risks - used when there are particular risks that need to be addressed

2. Insurance Requirements: Specific insurance obligations - included when the waiver is related to activities requiring insurance coverage

3. Confidentiality: Provisions for maintaining confidentiality - used when sensitive information is involved

4. Force Majeure: Provisions for unforeseen circumstances - included when long-term or high-risk activities are involved

5. Assignment: Rules regarding transfer of rights - used when there's a possibility of change in parties

6. Severability: Provisions for partial invalidity - included in complex waivers with multiple provisions

Suggested Schedules

1. Schedule 1 - Specific Activities Covered: Detailed list of activities or circumstances covered by the waiver

2. Schedule 2 - Excluded Risks: Specific listing of risks and liabilities not covered by the waiver

3. Schedule 3 - Required Insurance Coverage: Details of mandatory insurance requirements if applicable

4. Appendix A - Related Agreements: List of associated agreements or documents referenced in the waiver

5. Appendix B - Authority Documentation: Copies of powers of attorney or other authority documents required under Saudi law

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Financial Services

Construction

Manufacturing

Professional Services

Real Estate

Technology

Healthcare

Energy

Transportation

Industrial Services

Consulting

Infrastructure Development

Relevant Teams

Legal

Compliance

Risk Management

Operations

Commercial

Corporate Governance

Business Development

Finance

Project Management

Executive Leadership

Relevant Roles

Legal Counsel

Risk Manager

Compliance Officer

Contract Manager

Business Development Director

Operations Manager

Project Manager

Chief Financial Officer

Chief Legal Officer

Commercial Director

General Counsel

Corporate Secretary

Managing Partner

Senior Legal Advisor

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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