Release Of Liability And Indemnity Agreement Template for Singapore

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Key Requirements PROMPT example:

Release Of Liability And Indemnity Agreement

"I need a Release of Liability and Indemnity Agreement for my new adventure sports business in Singapore, covering both individual participants and group bookings, with specific provisions for extreme sports activities and equipment usage starting from March 2025."

What is a Release Of Liability And Indemnity Agreement?

The Release Of Liability And Indemnity Agreement is essential in Singapore business operations where risk management is crucial. This document serves dual purposes: it releases one party from potential liability for specified activities or circumstances, while also requiring the releasing party to indemnify against related claims or losses. Under Singapore law, such agreements must be carefully drafted to ensure enforceability, particularly regarding the scope of release and indemnity provisions. The agreement is commonly used in situations involving inherent risks, such as recreational activities, professional services, or business transactions.

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

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

2. Background: Context and purpose of the release and indemnity agreement

3. Definitions: Key terms used throughout the agreement including definition of released claims and indemnified matters

4. Release Provisions: Specific terms of release from liability, including scope and extent of release

5. Indemnification Provisions: Terms of indemnification obligations, including scope and extent of indemnity

6. Governing Law: Specification of Singapore law as governing law and jurisdiction

7. Execution: Signature blocks and execution details for all parties

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

1. Consideration: Details of any payment or consideration for the release and indemnity

2. Insurance: Insurance requirements and obligations of the parties

3. Dispute Resolution: Specific dispute resolution procedures and mechanisms

4. Severability: Provisions for maintaining validity if parts are found unenforceable

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

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

2. Schedule of Indemnified Parties: Comprehensive list of additional parties covered by indemnification

3. Schedule of Activities: Detailed description of activities covered by the release and indemnity

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

Sports and Recreation
Healthcare
Construction
Events Management
Education

Relevant Teams

Legal
Risk Management
Operations
Compliance
Human Resources

Relevant Roles

Risk Manager
Legal Counsel
Operations Director
Business Owner
Compliance Officer

Find the exact document you need

Third Party Indemnity Agreement

A Singapore-law governed agreement where one party agrees to protect another against third-party related losses or liabilities.

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What is a Release Of Liability And Indemnity Agreement?

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

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

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

Authors

Alex Denne

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