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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.
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.
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.
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.
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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A hold harmless agreement included within a contract grants the party providing the service the right to be free from liability. A waiver of subrogation causes one to give up the right to allow an insurance company to step into the position of the contractual party to recover damages.
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.
To indemnify is to make someone or an entity 'whole' after a loss. To be held 'harmless' means to be free from blame. There are three typical parts of an indemnification clause they are to: indemnify, defend and hold harmless the other party.
At least one authority claims that \u201chold harmless\u201d protects against losses and liabilities, while \u201cindemnify\u201d protects against losses alone. Yet not all courts agree. Black's Law Dictionary treats the two as near synonyms. And some experts even suggest cutting \u201chold harmless\u201d and leaving just \u201cindemnify.\u201d
A release of liability, 'hold harmless agreement' or 'indemnity agreement', is a legal document that indemnifies an individual or business entity from legal and/or financial responsibility. Although, this is usually limited to negligence on behalf of the party being held harmless.

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