Hold Harmless Agreement Examples Word Examples
Hold Harmless Agreement Examples Word Examples.
A provision in a contract that requires one contracting party to respond to certain legal liabilities of the other party. for example, construction contracts typically require the contractor to indemnify the owner with respect to the owners liability to members of the public who are injured or whose property is.
Exhibit. indemnification and hold harmless agreement. this indemnification and hold harmless agreement this agreement is made as of, , by and between whole foods market, inc. , a corporation the company, and. whereas, in order to to serve, or to continue to serve, as a director, officer or agent of the company.
Subcontractor hold harmless agreement contractor in this document refers to central conveyor company subcontractor shall a. indemnify, defend with counsel reasonably acceptable to contractor, and hold owner and contractor, and their respective shareholders, directors, members, managers, officers, employees, agents, successors and assigns.
First, hold harmless agreements are assumed to hold a premises owner harmless for any injuries that are a natural consequence of the activity you are engaging in. for example, assume you sign a hold harmless while you are entering an ice skating rink.
if you fall on uneven ice, or because someone else bumps into you, or even because the ice is. A hold harmless agreement also known as an indemnity agreement or waiver of liability is a good idea any time you want to shift risk from one party to another.
you can protect other people from being sued by taking on the liability yourself as well. parties often use these types of agreements if they are working together on a project or if one party is performing services for the other. Jul, when selling, a hold harmless agreement is a contract that moves liability of any sale from the seller to the buyer.
in doing this, the seller waives any responsibility for injury, risk, danger, or damage caused. it is often used in a sale that includes unavoidable risks. hold harmless agreements A hold harmless agreement is like a contract to be signed by the two parties undergoing business together.
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