What is an example of hold harmless?
Asked by: Adelbert Turcotte | Last update: April 15, 2025Score: 4.4/5 (21 votes)
For example: If a construction company or independent contractor is doing work at your business property, the company may have you sign a hold harmless clause to avoid being legally liable for any injuries resulting from the construction work.
What is an example of a hold harmless statement?
I further hereby AGREE TO INDEMNIFY AND HOLD HARMLESS THE RELEASEES from any loss, liability, damage or cost, including court costs and attorney's fees, that they may incur due to my participation in said activity, WHETHER CAUSED BY NEGLIGENCE OF RELEASEES or otherwise.
What are the three types of hold harmless?
The most commonly used types of hold harmless agreement clauses are the “broad,” “intermediate,” and “limited” form hold harmless clauses. Limited Form Hold Harmless Agreement—Where Party A holds Party B harmless for suits arising out of Party A's sole negligence.
What is the concept of hold harmless?
“Hold harmless” is the promise to pay any costs that may result from a claim covered by the indemnity provision, including any subsequent fallout stemming from the covered claim and/or its settlement.
What is an example of save harmless?
Accordingly, the first party promising not to hold the other party responsible surrenders a potential claim or cause of action that might arise from the contract. For example, A agrees not to sue B if A is injured due to B's failure to maintain the premises.
What Is A Hold Harmless?
What is an example of mutual hold harmless?
The undersigned, [FIRST PARTY NAME] hereby undertakes to indemnify and hold harmless [SECOND PARTY NAME] from any and all actions, causes of action, suits, debts, duties, accounts, bonds, contracts, claims and demands whatsoever resulting from any action or omission (including without limitation any failure to file any ...
What is the hold harmless rule?
The Medicare hold harmless provision limits the annual rise in Medicare Part B premiums deducted from Social Security benefits. Due to this provision, premium increases are limited to no more than the cost of living increase provided to the beneficiary in a given year.
What is another way to say hold harmless?
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.
When to use a hold harmless agreement?
A hold harmless agreement, or HHA, is an agreement used to help prevent you or your organization from being held responsible for certain types of bodily injury or property damage. This type of agreement might also be referred to as a liability waiver, disclaimer, hold harmless letter, or release of liability.
What is the legal wording for not accepting responsibility?
The no-responsibility disclaimer is also known as a “disclaimer of liability” — or “no-liability disclaimer” — because it refers to a lack of legal obligation on the part of you or your business. These terms are used interchangeably, and posted disclaimers are sometimes labeled differently within the document.
Do hold harmless agreements hold up in court?
In California, hold harmless agreements are enforceable if they use express contractual language that shifts the risks of certain specified circumstances. Doing so creates an express contractual obligation to indemnify.
Does a hold harmless need to be notarized?
Hold Harmless Agreement Signing Requirements
Both the indemnitee and indemnifier must sign the Hold Harmless Agreement in the presence of a witness to make it legally binding. Notarization is usually not necessary.
What is an example of a no liability clause?
Neither nor any shall, under any circumstances or in any event whatsoever, have any liability for any error or omission or delay of any kind occurring in the settlement, collection or payment of any of the Receivables or any instrument received in payment thereof, or for any damage resulting therefrom.
What is the difference between indemnify and hold harmless?
Many others insist that hold harmless clauses are not as specific as indemnity. For example, the term "indemnify" is used when a business hopes to protect itself against claims from a customer's error, while a hold harmless clause prevents a business from taking any responsibility for a customer's mistake.
Is hold harmless the same as waiver of subrogation?
A hold harmless agreement differs in that it shifts liability. While a waiver of subrogation is protection from liability, it doesn't shift the liability as a hold harmless agreement does.
How do you use "hold harmless" in a sentence?
The Association shall indemnify, defend, and hold harmless the City, its officers, employees, and agents acting on its behalf from and against any and all losses, damages, costs, expenses, claims, demands, actions, suits, judgments and other forms of liability arising out of the application or enforcement of this ...
What is a hold harmless agreement example?
For example, an apartment lease may include a hold harmless clause stating that the landlord is not responsible for any damage caused by the tenant. Similarly, a homeowner hiring a roofer might request a hold harmless agreement to protect against a lawsuit if the roofer falls off the roof.
What is a not liable for damages statement?
Disclaimer of damages clause samples
IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY INDIRECT, SPECIAL, PUNITIVE, EXEMPLARY, INCIDENTAL OR CONSEQUENTIAL DAMAGES. THIS LIMITATION WILL APPLY REGARDLESS OF WHETHER OR NOT THE OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Why would a house have a hold harmless agreement?
Protects against liabilities that occur while someone performs a defined service. For example, a contractor on a construction job agrees to hold the homeowner harmless if anything happens to the contractor while working on the project.
Is hold harmless a legal term?
A hold harmless agreement is a clause in a legal contract that releases one party from liabilities such as damage, bodily injury or financial loss.
Does indemnification mean you can't sue?
Not true they can be sued irrespective of the existence of the indemnification or not all the indemnification does is allow the person who's indemnified and being sued to turn to the person who indemnified them and say you're responsible for the payment of the fees and the cost of this lawsuit and any damages you're to ...
What type of risk is a hold harmless clause?
A hold harmless clause is commonly added to contracts. The idea is to protect the company and transfer some of the company's liability to you in return for the business they are sending to you. The clause requires that you protect the company with whom you are contracting if they are sued.
Why is Social Security no longer paying Medicare Part B?
There could be several reasons why Social Security stopped withholding your Medicare Part B premium. One common reason is that your income has exceeded the threshold for premium assistance. Another reason could be that there was a mistake or error in your records.
What is the hold harmless improvement measure?
The hold harmless provision for individual measures proposal states that if a contract demonstrated statistically significant decline (at the 0.05 significance level) on an attainment measure for which they received 5 Stars during both the current contract year and the prior contract year, then this measure will be ...
What does indemnification mean?
To indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a specified accident, incident, or event.