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Is indemnification the same as hold harmless?

The main difference in this case is that \u201chold harmless\u201d may require a party to protect against actual losses as well as potential losses while indemnification protects against actual losses only.

What does it mean to hold 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.

Is hold harmless the same as release?

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.

What's the definition of hold 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.

Does hold harmless mean defend?

Indemnification, according to the court, is \u201can offensive right\u2014a sword\u2014allowing the indemnitee to seek indemnification.\u201d On the other hand, hold harmless is a defensive measure providing \u201c[t]he right not be bothered by the other party itself seeking indemnification.\u201d Under this view, hold harmless shields one party ...

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