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A hold harmless agreement involves relinquishing rights to claim damages if you sign it, similar to an indemnity agreement, where one party agrees to cover claims against the other. These agreements can present significant challenges for businesses, particularly indemnity agreements, which can make a party responsible for injuries they did not cause but are legally tied to. Such scenarios can create complex legal issues. Hold harmless agreements are typically found in vendor contracts, and they are often contested vigorously unless a mutual indemnity or hold harmless agreement can be negotiated.
