Hold Harmless Agreement For Contractors
Description
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FAQ
A hold harmless agreement protects business owners from being sued when someone suffers damage, bodily injury, or financial loss on business property or while a service is being provided.
Services: Protects against liabilities that occur while someone performs a defined service. For example, a contractor on a construction job agrees to hold harmless the general contractor who hired him. Use of property: Protects property owners against lawsuits arising from a third party renting or using their property.
The agreement must include provisions to neglect any claims, damages, losses, expenses, or any other cause of action to the contractor if any problem or dispute arises in the construction project. Hold harmless agreement protections vary depending on the jurisdictions in which they are being executed.
A hold harmless clause is used to protect a party in a contract from liability for damages or losses. In signing such a clause, the other party accepts responsibility for certain risks involved in contracting for the service. In some states, the use of a hold harmless clause is prohibited in certain construction jobs.
Enforceability of Hold Harmless Agreements The general answer is yes, that these documents signing away your right to sue for negligence are legally enforceable.