Hold Harmless Agreement White Out For Free

By signing a broad form hold harmless agreement you are possibly exposing your company to uninsurable risk. Contractual Liability Coverage for sole or gross negligent acts of your client is excluded is y most liability policies.As with all contracts, it is best to have legal counsel review prior to signing.

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.

This HOLD HARMLESS AGREEMENT (this Agreement) is made effective on insert date by and between insert name of who will be protected from liability of insert address here, and insert name of who will provide protection from liability, of insert address here.

A Release of Liability, or 'Hold Harmless Agreement', is a legal document that indemnifies an individual or business entity from legal and/or financial responsibility.If the release is being signed after the event took place, such as a car accident, the releasor may be paid money to sign such an agreement.

A hold harmless clause is also called a release of liability, a waiver of liability, a save harmless clause, or a hold harmless letter or release. These agreements are usually seen in leases, contracts, and easements, in an attempt to protect either one party or both.

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.

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.