An Indemnity and Hold Harmless Affidavit for Use with Prior Survey on Commercial Property is a legal document that is used to protect the property owner from any liability that may arise from a prior survey of the property. This document states that the property owner agrees to indemnify and hold harmless the surveyor from any and all losses, damages, or claims that may be caused, directly or indirectly, from the survey. There are two types of Indemnity and Hold Harmless Affidavit for Use with Prior Survey on Commercial Property: the first is a General Indemnity and Hold Harmless Affidavit and the second is a Limited Indemnity and Hold Harmless Affidavit. The General Indemnity and Hold Harmless Affidavit states that the property owner agrees to indemnify and hold harmless the surveyor from all claims, losses, and damages caused by any act, omission, or negligence of the surveyor. The Limited Indemnity and Hold Harmless Affidavit states that the property owner agrees to indemnify and hold harmless the surveyor only from claims, losses, and damages caused by the surveyor's own negligence or intentional acts.
Indemnity and Hold Harmless Affidavit for Use with Prior Survey on Commercial Propery
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FAQ
Three basic types of Hold Harmless Agreements are used: limited, intermediate, and broad. These forms are often seen in contracts in the construction industry.
The name of the person held harmless or protected, with their address. The name of the other party to the agreement, with their address. Details about the activity or event the agreement is about, such as horseback riding or country club membership. Details about the location and who's holding the activity or event.
The Contractor shall defend, indemnify and hold the County, its officers, officials, employees and volunteers harmless from any and all claims, injuries, damages, losses or suits including attorney fees, arising out of or in connection with the performance of this Agreement, except for injuries and damages caused by
Hold harmless is defined as a promise in a contract, by one party not to hold the other party responsible if the other party carries out the contract in a way that causes damage to the first party.
What is an Indemnification And Hold Harmless Agreement? An indemnification and hold harmless agreement is an agreement that limits the liability of one or more parties to a contract. This agreement is used to establish protection from liabilities, losses, claims, or damages for one or both of the parties.
A hold harmless clause is also called a release of liability, a waiver of liability, a save harmless clause, or a hold harmless letter or release.
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.
An apartment lease may have a hold harmless clause stating that the landlord is not responsible for any damage caused by the tenant. A homeowner hiring a roofer might request a hold harmless agreement to protect against a lawsuit if the roofer falls off the roof.
