Hold Harmless Agreement

Hold Harmless Agreement

An agreement or contract in which one party agrees to hold the other free from the responsibility for any liability or damage that might arise out of the transaction involved.

For example, a company might agree in an employee's contract to pay the judgment if the person is successfully sued for injuries sustained by a plaintiff if the employee is acting within the scope of his or her authority on company time.

In certain cases, particular parties may not, however, be exempted from liability. For example, a provision exempting a common carrier from all liability for loss would ordinarily be void, as against public policy.

Hold harmless agreements are ordinarily contained in leases and easements.

References in periodicals archive ?
Contractor must have a DUNS number The selected contractor must provide a completed Hold Harmless Agreement.
The new measure would mandate a hold harmless agreement through Feb.
In addition, there may be an indemnity or hold harmless agreement that the manufacturer or distributor was required to execute in order to do business with the vendor.
To be Indemnified for Legal Costs, the Hold Harmless Agreement Must Spell it Out
Step change in safety, the Industry Mutual Hold Harmless Agreement, OGUK, Pilot Share Fair and the Supply Chain Code of Practice were cited by respondents as initiatives which are effective in encouraging safety and efficient business.
A hold harmless agreement is a common type of insured contract.
Now compare what the CGL provides with a real (the names have been changed) hold harmless agreement furnished by Bill Wilson, head of the IIABA Virtual University:
The document also notes that the military units are responsible for ensuring that all embedded journalists and their news organizations have signed the "release, indemnification, and hold harmless agreement and agreement not to sue" found at http://www.
Specifically, the Article focuses on an arbitrator's powers with respect to the following procedural issues: (i) consolidation; (ii) non-party discovery; (iii) confidentiality; (iv) summary adjudication; and (v) the enforceability of a hold harmless agreement.
Under a Right of Entry and Hold Harmless Agreement, the MTA would allow LAWA to use Union Station's Patsaouras Transit Plaza, provide parking for 500 vehicles at the Gateway Parking Garage, and allow the operation of an information and ticket sale kiosk.
The duty does not prevent an insured from signing a waiver or some other type of hold harmless agreement prior to an injury that would restrict or even deny a right to recover from others, so such agreements would apply to the insurer as well as to the insured.