Get Auto Repossession Hold Harmless 2012-2023

Broad: The security company assumes responsibility for all liability arising out of an occurrence, even if the client is solely responsible. By signing a broad form hold harmless agreement you are possibly exposing your company to uninsurable risk.

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.

What Is a Hold Harmless Clause? The hold harmless clause is a statement in a legal contract that absolves one or both parties in a contract of legal liability for any injuries or damage suffered by the party signing the contract.

Broad Form Hold Harmless The indemnitor (property manager) has assumed all liability of the indemnitee (painting contractor), even in situations where the indemnitee is solely negligent in causing injury or damage to a third party. These generally don't hold up in court.

In a hold harmless agreement (also known as an indemnity agreement), one party (the indemnitor) agrees to pay for damages assessed against another party (the indemnitee) for its liability for injuries or property damage arising out of the project.

Broad: The security company assumes responsibility for all liability arising out of an occurrence, even if the client is solely responsible. By signing a broad form hold harmless agreement you are possibly exposing your company to uninsurable risk.

n. a promise to pay any costs or claims which may result from an agreement. Quite often this is part of a settlement agreement, in which one party is concerned that there might be unknown lawsuits or claims stemming from the situation, so the other party agrees to cover them.

Broad Form Hold Harmless The indemnitor (property manager) has assumed all liability of the indemnitee (painting contractor), even in situations where the indemnitee is solely negligent in causing injury or damage to a third party. These generally don't hold up in court.

The date of the agreement. The name of the person held harmless or protected, with their address. The name of the other party to the agreement, with their address. Details about the activity or event the agreement is about, such as horseback riding or country club membership.

The hold harmless clause is a statement in a legal contract that absolves one or both parties in a contract of legal liability for any injuries or damage suffered by the party signing the contract. ... This clause is also known as a hold harmless provision.