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 ?
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.
Hunting Hold Harmless Agreement Provides Protection to Homeowners Who Allow Hunting on Property
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.
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:
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 defendants pleaded contributory negligence and relied on a hold harmless agreement which the plaintiff had signed.
Under a hold harmless agreement, one party to a contract assumes the specified liability of the other party.
A manufacturer who does not have products liability insurance may offer the distributor or retailer a hold harmless agreement.
The Hold Harmless Agreement saves our groups and their employees $4 million each year," Tourville said.
A simple, low-cost solution can be a Hunting Hold Harmless Agreement.