A contractual assumption by one party of the liability exposure of another. Lease agreements, for example, commonly require the tenant to hold the landlord harmless for bodily injury or property damage experienced by others on the premises.
A contractual arrangement whereby one party assumes the liability inherent in a situation, thereby relieving the other party of responsibility. Such agreements are typically found in contracts like leases, sidetrack agreements, and easements. For example, a typical lease may provide that the lessee must "hold harmless" the lessor for any liability from accidents arising out of the premises. The effect of such an agreement is that the lessee must provide a defense for the lessor, and if any judgment is rendered against the lessor, the lessee would have to pay.
A clause in a contract in which one party agrees not to hold the other responsible for, or to protect the other from, any claims.
Contract by which legal liability for damages of one party is assumed by the other party. One party agrees to hold the other party harmless (and usually indemnify) from the liabilities associated with the hazards of a particular activity or venture. Contracts may contain a hold harmless clause.
A hold harmless agreement is normally included in a written contract whereby one party agrees to assume the other party's liability arising from specified actions. For example, if you contract with another party to do work for you, you agree in writing that the other party will pay for any liability you incur because of his work.
A contractual arrangement in which one party agrees to assume certain liability which otherwise would be borne by the other party. For example, an insurer may wish to pay a loss when it is uncertain whether it may be called upon a second time to some other party. The payee may be asked to execute an agreement whereby the company will be reimbursed or held harmless by the payee if such request should happen. Another example is when the principal in a large construction project frequently demands hold harmless agreements from all subcontractors in respect to claims made against the principal arising out of the subcontractors' negligence. The principal often stipulates the purchase of a liability policy by the subcontractor to support the hold harmless agreement.
A clause found in contracts and leases, which shifts (or attempts to shift) liability for loss from one party to another.
A contract under which one party's legal liability for damages is assumed by the other party to the contract.
Hold Harmless Agreements are contracts signed with marinas before a boat is allowed stored in that facility. Check to see whether you have complied with your insurers requirements
A contractual agreement that requires one contracting party to assume certain legal liabilities of the other party.
An agreement where one party assumes responsibility.
a contractual arrangement whereby one party assumes the liability inherent in a situation, thereby relieving the other party of liability - typically found in leases, easements, and construction agreements.
