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1. • • A hold harmless clause, also known as a hold harmless agreement or hold harmless provision, is a clause in a legal contract absolving one party of legal liability for any injuries or damages suffered by another party. It ensures that one party cannot hold the other party legally responsible for any risks incurred from services provided.
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     Hold Harmless Clause: Definition, How It's Used, and Examples

2. www.investopedia.com › terms › hHold Harmless Clause: Definition, How It's Used, and Examples

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   May 12, 2024 · A hold harmless agreement is a statement in a contract that absolves one or both parties to the agreement from liability for any injuries or damage. Learn how...

   • Author: Will Kenton

3. People also ask

   What is the hold harmless clause?

   • A hold harmless clause is a contractual clause where one party agrees to hold the other “harmless” from any risk, liability or damages resulting from a specific event. For example, in a service contract, the client will request that the service provider hold it harmless from any damages or claims resulting from the poor workmanship or failure on the service provider’s part to fulfill its contractual obligations.

   Hold Harmless Clause (Best Guide With Sample Clauses)

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   What does a hold harmless agreement personal injury mean?

   • A Hold Harmless Agreement is a legal agreement that states that one party will not hold another party liable for risk, often physical risk or damage. The Hold Harmless Clause can be one-way (unilateral) or two-way (reciprocal) agreements and can be signed before or after an activity takes place.

   Personal Injury Waiver, Release, Hold Harmless, and ...

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   Should you ever sign a hold harmless agreement at closing?

   • The closing agent will have you sign a hold harmless agreement nearly all the time. The reason is that they don’t want to be liable for procedural mistakes in their foreclosure proceedings. Mistakes could give the property back to the foreclosed homeowner.

   Should You Ever Sign A Hold Harmless Agreement At Closing?

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   Is “indemnify” and “hold harmless” the same?

   • The prevailing interpretation is that "hold harmless" and "indemnify" are synonymous. However, under the minority view, "hold harmless" requires payment of both actual losses and potential liabilities, while "indemnify" protects against incurred losses only.

   What Does "Defend, Indemnify and Hold Harmless" Mean?

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4. www.upcounsel.com › hold-harmlessHold Harmless: Everything You Need to Know - UpCounsel

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   Aug 21, 2020 · A hold harmless clause is a legal statement that an individual or enterprise will not be held liable for the risk, danger, injury, or damages to another party. 13 min read updated on August 21, 2020. What Is a Hold Harmless Clause?

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6. www.nolo.com › legal-encyclopedia › what-is-a-holdWhat Is a Hold Harmless Agreement? - Nolo

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   Sep 12, 2023 · Hold harmless agreements are written into contracts to protect the business from lawsuits arising from the use of their services by others. They put the financial and legal responsibility for risks involved in using a service on the shoulders of the buyer or user of the service and protect the reputation of your business .

7. www.contractscounsel.com › hold-harmless-agreementHold Harmless Agreement: What You Need to Know - Contract Lawyers

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   A hold harmless agreement is a legal contract where one party agrees not to hold the other responsible for certain risks, often specified in the agreement. Hold harmless agreements typically apply to physical damage or risk.

8. www.thehartford.com › hold-harmless-agreementHold Harmless Agreement - The Hartford

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   Sep 21, 2023 · A hold harmless agreement is a clause in a legal contract that releases one party from liabilities such as damage, bodily injury or financial loss. Discover more about what a hold harmless agreement is and how it may impact your small business insurance today.

9. www.legalzoom.com › articles › using-a-hold-harmlessUsing a hold harmless agreement - LegalZoom

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   Feb 2, 2023 · 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. HHAs can be used to protect both individuals and companies.

10. www.law.cornell.edu › wex › hold_harmlesshold harmless | Wex | US Law - LII / Legal Information Institute

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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.