Deed Of Indemnity And Release for Singapore

Deed Of Indemnity And Release Template for Singapore

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Deed Of Indemnity And Release

"I need a Deed of Indemnity and Release to protect my construction company from future claims related to a completed development project, while releasing the subcontractors from any existing claims up to January 2025."

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What is a Deed Of Indemnity And Release?

A Deed of Indemnity and Release is commonly used in Singapore when parties need to establish clear protection against future liabilities while resolving existing claims. This document is particularly valuable in corporate transactions, settlements, and risk management scenarios. The deed format provides additional enforceability under Singapore law compared to simple contracts, making it especially suitable for significant commercial arrangements. It typically includes detailed provisions about the scope of indemnity, the claims being released, and the conditions under which these obligations operate.

What sections should be included in a Deed Of Indemnity And Release?

1. Parties: Identifies and defines the indemnifying party and beneficiary

2. Background: Sets out the context and circumstances leading to the indemnity

3. Definitions: Defines key terms used throughout the deed

4. Indemnity: Core provisions detailing the scope and nature of indemnification

5. Release: Provisions regarding the release of claims

6. Execution: Formal execution blocks for parties

What sections are optional to include in a Deed Of Indemnity And Release?

1. Conditions Precedent: Used when indemnity is conditional on certain events or preconditions

2. Duration: Specifies time limits on indemnity obligations when not intended to be perpetual

3. Insurance: Requirements for insurance coverage when indemnifying party must maintain specific insurance

4. Exclusions: Specific exclusions from indemnity coverage for certain excluded matters

What schedules should be included in a Deed Of Indemnity And Release?

1. Schedule of Released Claims: Detailed list of specific claims being released

2. Schedule of Indemnified Matters: Specific matters covered by the indemnity

3. Schedule of Related Agreements: List of agreements related to the indemnity

4. Corporate Authorizations: Required when parties are companies, showing authority to execute

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Construction
Financial Services
Manufacturing
Real Estate
Technology

Relevant Teams

Legal
Finance
Risk Management
Compliance
Corporate Development

Relevant Roles

Chief Financial Officer
General Counsel
Risk Manager
Project Manager
Corporate Secretary

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