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How to Highlight Text Hold-Harmless (Indemnity) Agreement

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In this tutorial, Rob Freeman explains the concept of a "hold harmless" clause in legal agreements. A hold harmless clause is commonly found in contracts, such as leases between landlords and tenants or construction agreements among owners, general contractors, and subcontractors. Its primary function is to shift responsibility from one party to another, often seen in lease agreements where a tenant agrees to indemnify, defend, and hold the landlord harmless against claims related to bodily injury and property damage arising from the tenant's actions. Understanding this clause is crucial in various contractual relationships, especially in insurance contexts.

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What does hold harmless indemnity mean?

The prevailing interpretation is that hold harmless and indemnify are synonymous. However, under the minority view, hold harmless requires payment of both actual losses and potential liabilities, while indemnify protects against incurred losses only.

What are examples of hold harmless clause?

An apartment lease may have a hold harmless clause stating that the landlord is not responsible for any damage caused by the tenant. A homeowner hiring a roofer might request a hold harmless agreement to protect against a lawsuit if the roofer falls off the roof.

What is a standard indemnification and hold harmless clause?

What is an Indemnification And Hold Harmless Agreement? An indemnification and hold harmless agreement is an agreement that limits the liability of one or more parties to a contract. This agreement is used to establish protection from liabilities, losses, claims, or damages for one or both of the parties.

What is an example of an indemnify and hold harmless clause?

The Contractor shall defend, indemnify and hold the County, its officers, officials, employees and volunteers harmless from any and all claims, injuries, damages, losses or suits including attorney fees, arising out of or in connection with the performance of this Agreement, except for injuries and damages caused by

What is an example of a harmless clause?

An example of a hold harmless clause that uses indemnity language is one stating that one party shall indemnity, defend, and hold harmless the other from and against claims, damages, losses, and expenses, including but not limited to attorneys fees, arising out of or resulting from negligence or misconduct in

What is the wording for a hold harmless agreement?

The Subrecipient shall hold harmless, defend and indemnify the Grantee from any and all claims, actions, suits, charges and judgments whatsoever that arise out of the Subrecipients performance or nonperformance of the services or subject matter called for in this Agreement.

What is an example of indemnification clause?

This is an example of what a typical indemnification clause can look like: Party A will perform work at own risk, and indemnifies Party B against all loss, damages, expense, and liability resulting from injury to property. In this example, Party A is agreeing that even if Party B would have been found liable for an

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Highlight Text Hold-Harmless (Indemnity) Agreement