An Indemnity and Hold Harmless Affidavit for Use with Prior Survey on Commercial Property is a legal document that protects the owner of a commercial property from liability for any injuries or damages that may occur as a result of a survey conducted on the property. It also releases the surveyor and other parties involved in the survey from any liabilities that may arise from the survey. This type of document is used when a prior survey of the property has been conducted, and it is necessary to obtain additional information. There are two main types of Indemnity and Hold Harmless Affidavit for Use with Prior Survey on Commercial Property: an Indemnity Agreement and a Hold Harmless Agreement. An Indemnity Agreement states that the party signing the agreement will not hold the surveyor or any other party involved in the survey liable for any losses or damages resulting from the survey. A Hold Harmless Agreement states that the party signing the agreement will indemnify the surveyor and other parties involved in the survey from any claims, damages, or losses that may arise from the survey. Both types of agreements protect the owner of the commercial property from liability and provide legal protection for the surveyor and any other parties involved in the survey.
Indemnity and Hold Harmless Affidavit for Use with Prior Survey on Commercial Property
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FAQ
What is an Indemnification And Hold Harmless Agreement? An indemnification and hold harmless agreement is an agreement that limits the liability of one or more parties to a contract. This agreement is used to establish protection from liabilities, losses, claims, or damages for one or both of the parties.
Notwithstanding anything to the contrary contained herein, Sponsor shall not have any obligation to defend, indemnify, or hold Indemnitees harmless from claims, suits, or damages arising as a result of, or in connection with, willful malfeasance or negligent acts or omissions of Indemnitees.
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
An example of a hold harmless clause that uses indemnity language is one stating that one party shall "indemnity, defend, and hold harmless" the other "from and against claims, damages, losses, and expenses, including but not limited to attorney's fees, arising out of or resulting from negligence or misconduct in
An agreement whereby the first party (the indemnitor) agrees to hold a second party (the indemnitee) harmless from tort liability arising out of the indemnitor's negligent act or omission.
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.
