Puerto Rico Indemnification Agreement regarding Holding Harmless Indemnitee from any Losses Claims or Damages
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How to fill out Indemnification Agreement Regarding Holding Harmless Indemnitee From Any Losses Claims Or Damages?
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FAQ
An indemnification clause is a legally binding agreement between two parties specifying that one party (the indemnifying party) will compensate the other party (the indemnified party) for any losses or damages that may arise from a particular event or circumstance.
The hold harmless agreement in real estate is a contract that transfers all property liability from the seller to the buyer. The hold harmless clause can be negotiated directly between the two parties and might even involve a closing agent who is looking to protect him/herself from future liability.
I agree to indemnify and hold the Released Parties harmless from all losses, liabilities, damages, costs or expenses (including but not limited to reasonable attorneys' fees and other litigation costs and expenses) incurred by any of the Released Parties as a result of any claims or suits that I (or anyone claiming by, ...
The Contractor shall defend, indemnify and hold the County, its officers, officials, employees and volunteers harmless from any and all claims, injuries, damages, losses or suits including attorney fees, arising out of or in connection with the performance of this Agreement, except for injuries and damages caused by ...
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. Details about the location and who's holding the activity or event.
How to Write an Indemnity Agreement Consider the Indemnity Laws in Your Area. ... Draft the Indemnification Clause. ... Outline the Indemnification Period and Scope of Coverage. ... State the Indemnification Exceptions. ... Specify How the Indemnitee Notifies the Indemnitor About Claims. ... Write the Settlement and Consent Clause.
What should be included in your hold harmless agreement. Name and address of the person signing. Name and address of the person or business being held harmless. Date of the creation of the agreement. Date that the agreement is effective. The location and a description of the protected events.
LastName] desires to hold harmless [Sender. Company] from any legal liability arising out of [Client. FirstName][Client. LastName]'s actions in connection with (describe the activity being engaged in i.e. skydiving, summer camp, etc.)