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In this video, Rob Freeman explains the concept of a "hold harmless" clause in insurance and legal agreements. A hold harmless clause is a common element in contracts involving multiple parties, such as leases between landlords and tenants or construction agreements involving owners and contractors. This clause shifts responsibility from one party to another, protecting one party from liability. For example, in an office lease, a tenant may agree to indemnify and hold the landlord harmless for claims related to bodily injury or property damage arising from the tenant's actions. Understanding this clause is crucial in navigating legal and insurance responsibilities.