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Typical hold harmless clauses may be constructed as follows: Physician will indemnify and hold us harmless from loss, damage or cost (including reasonable attorneys fees) arising from all of Physicians willful, wrongful or alleged wrongful acts or omissions under this contract. Or, Physician shall indemnify and
Hold Harmless Agreement: An agreement whereby the first party (the indemnitor) agrees to hold a second party (the indemnitee) harmless from tort liability arising out of the indemnitors negligent act or omission.
Never create any type of hold harmless agreement for your business without consulting an attorney. When you are required to sign one in the context of business relationships, have your lawyer or insurance agent read it over before you add your signature.
For example: If a construction company or independent contractor is doing work at your business property, the company may have you sign a hold harmless clause to avoid being legally liable for any injuries resulting from the construction work.
Level One: Broad Form Indemnification. Broad form indemnification requires the indemnitor to pay not only for losses for which it is responsible but also for losses solely caused by the indemnitee. Level Two: Intermediate Form Indemnification. Level Three: Limited Form Indemnification.
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The hold harmless agreement may be unilateral or reciprocal. With a unilateral agreement, one party to the contract agrees not to hold the other party liable for injuries or damages incurred. With a reciprocal agreement, both parties to the contract agree to hold the other harmless.
A hold harmless agreement (HHA) is a contract that prevents one party from being liable to the other if there are injuries or damages. Contracts are either unilateral, meaning the contract protects only one party, or reciprocal, where both parties waive liability against each other.
A hold harmless clause is used as a release of liability in a contract that protects one party from injury or property damage caused by another party. By signing the clause, the other party is agreeing not to hold business owners legally responsible for the risks involved in certain services.