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2017 4.7 Satisfied (30 Votes)
2003 4.8 Satisfied (32 Votes)
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A hold harmless clause is an agreement that moves property liability onto one or more collaborating parties in an agreement. It's a statement that absolves a party for any damage or injuries suffered by the party signing the contract.
A hold harmless disclosure is used when one party agrees not to hold the other party liable for any damage or injuries it suffers as a result of engaging in particular activities. A hold harmless agreement is usually instituted between buyers and sellers. They could also be between a buyer, seller, and a closing agent.
An example would be you hire someone to do some remodeling work on your house and you do not want to be held liable if they hurt themselves while on your property. You can ask them to sign a Hold Harmless Agreement to protect you should an incident occur.
An example would be you hire someone to do some remodeling work on your house and you do not want to be held liable if they hurt themselves while on your property. You can ask them to sign a Hold Harmless Agreement to protect you should an incident occur.
What Is a Hold Harmless Clause? The hold harmless clause is a statement in a legal contract that absolves one or both parties in a contract of legal liability for any injuries or damage suffered by the party signing the contract.
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The obligation to hold harmless A hold harmless is an agreement by a party to assume responsibility for, and to not hold the other party liable for, damages resulting from the occurrence of certain acts, circumstances or events.
How to Fill Out a Hold Harmless Agreement The date of the agreement. The name of the person held harmless or protected, with their address. The name of the other party to the agreement, with their address. Details about the activity or event the agreement is about, such as horseback riding or country club membership.
A release and a hold harmless agreement are usually considered the same thing, as is a waiver of liability. All three have similar language and the same intent of protecting you from liability to another party. Some contracts also contain hold harmless clauses, written to protect one or both parties.
Legal Definition A hold harmless agreement (or harmless agreement) is a legally binding agreement stating that one party will not hold the other party responsible (or liable) for the risk of physical or property damage.
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.

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