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What Is a Hold Harmless Indemnity Agreement – Mercurius
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What Is a Hold Harmless Indemnity Agreement

A hold harmless indemnity agreement is a legal document that is often included in contracts and agreements to protect one party from legal liability. This type of agreement is also commonly referred to as a “release of liability” or a “waiver of liability” agreement.

The purpose of a hold harmless indemnity agreement is to transfer the risk of loss or damage from one party to another. For example, if a company hires a contractor to perform work on its premises, the contractor may be required to sign a hold harmless indemnity agreement. This agreement would protect the company from any legal claims that may arise from the contractor`s work.

In the event that the contractor causes damage or injury while performing work on the company`s premises, the hold harmless indemnity agreement would require the contractor to assume all legal liability for the damage or injury. This means that the company would be protected from any legal claims that may arise as a result of the contractor`s work.

The terms of a hold harmless indemnity agreement can vary depending on the specific situation and the parties involved. Generally, these agreements are designed to protect one party from the legal consequences of the actions of another party.

There are different types of hold harmless indemnity agreements, including broad form and intermediate form agreements. Broad form agreements provide the greatest protection to the party that is being held harmless. Intermediate form agreements provide less protection, but still transfer some of the risk of loss or damage to the other party.

It`s important to note that hold harmless indemnity agreements are not always enforceable, and may be subject to legal challenges in some cases. For example, if the language of the agreement is too broad or vague, a court may find that it is unenforceable.

In conclusion, a hold harmless indemnity agreement is a legal document that can protect one party from legal liability in a contract or agreement. These agreements are commonly used in situations where one party is performing work or providing services on behalf of another party. While they can provide valuable protection, it`s important to ensure that the language of the agreement is clear and enforceable to avoid legal challenges.


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