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In this video, hold harmless language is explained, highlighting its role in transferring liability between parties in a contract. This language absolves one or both parties from responsibility for liabilities arising from services or the contract itself, essentially stating that they will not be held liable for certain risks. Hold harmless clauses can be unilateral, where one party agrees not to hold another liable, or mutual, where both parties accept this agreement. Signing a hold harmless agreement means accepting responsibility for specific risks involved in a job or service. When drafting such language, careful review is advised.
