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A hold harmless agreement means giving up rights to collect on claims if signed. It is related to indemnity agreements where one ends up paying claims due to another person's fault. This can be problematic for businesses, especially in vendor contracts. Indemnity agreements can lead to being responsible for injuries caused by someone you are contractually bound to, making it a nightmare scenario. Fighting to remove these agreements from contracts is common practice unless a mutual indemnity or hold harmless agreement can be reached.