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These hold harmless agreements are contracts, enforceable as any other contract would be, and courts can and do enforce them.
What does it mean to hold someone harmless?
Hold harmless is defined as a promise in a contract , by one party not to hold the other party responsible if the other party carries out the contract in a way that causes damage to the first party.
What is the difference between indemnify and hold harmless?
A hold harmless clause is commonly added to contracts. The idea is to protect the company and transfer some of the companys liability to you in return for the business they are sending to you. The clause requires that you protect the company with whom you are contracting if they are sued.
What is an example of hold harmless?
Examples of Hold Harmless Clauses Hold harmless agreements are not just for high-risk activities like skydiving. They are also found in more common, everyday situations. For example, an apartment lease may include a hold harmless clause stating that the landlord is not responsible for any damage caused by the tenant.
Whats another word for hold harmless?
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.
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