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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.
An apartment lease may have a hold harmless clause stating that the landlord is not responsible for any damage caused by the tenant. A homeowner hiring a roofer might request a hold harmless clause to protect against a lawsuit if the roofer falls off the roof.
The main difference in this case is that hold harmless may require a party to protect against actual losses as well as potential losses while indemnification protects against actual losses only.
Enforceability of Hold Harmless Agreements The general answer is yes, that these documents signing away your right to sue for negligence are legally enforceable.
How to Write(1) Calendar Date Of Document. Record the date when this release is filled out and completed.(2) Releasor Name.(3) Releasor Address.(4) Releasee Name.(5) Releasee Address.(6) Event Or Actions Being Indemnified.(7) No Payment By Releasee.(8) Required Payment For Release.More items...?