Rhode Island General Hold Harmless Agreement

• Category: Contracts - Hold Harmless
• State: Multi-State
• Control #: US-01708-AZ
• Format: Word; Rich Text

Description

This form is a Hold Harmless Agreement. The form provides that the agreement is mutual and each party holds the other harmless and releases the other from all liability arising from the activity involved. A Rhode Island General Hold Harmless Agreement is a legal document that outlines the terms and conditions under which one party (referred to as the "indemnity") agrees to protect and indemnify another party (referred to as the "indemnity") from any loss, damages, or liability that may arise due to certain activities or events. This agreement is commonly used in various business transactions and situations to allocate risks and protect parties involved. In Rhode Island, there are several types of General Hold Harmless Agreements that cater to specific circumstances and industries: 1. Standard General Hold Harmless Agreement: This is a basic agreement that aims to protect the indemnity from any claims, damages, or lawsuits arising out of the indemnity's actions, negligence, or omissions during the course of a project or business relationship. 2. Construction General Hold Harmless Agreement: This agreement is specifically designed for construction projects. It helps protect the property owner, contractor, subcontractors, and other related parties from any liability, injuries, or damages that may occur on the construction site. 3. Event General Hold Harmless Agreement: This type of agreement is commonly used for organizing events, such as concerts, exhibitions, or conferences. It protects the event organizers from any claims, lawsuits, or damages arising out of accidents, injuries, property damage, or any other unforeseen incidents occurring during the event. 4. Business General Hold Harmless Agreement: This agreement is tailored for general business activities and transactions. It can be used to protect businesses from claims or lawsuits arising from product defects, breaches of contract, intellectual property disputes, or any other business-related liabilities. Rhode Island General Hold Harmless Agreements typically include the following key components and provisions: i. Parties' Information: It identifies the indemnity(s) and indemnity(s) involved in the agreement, including their names, addresses, and contact details. ii. Description of Activities: It clearly specifies the activities, services, or transactions covered by the agreement, ensuring that all parties understand the scope of indemnification. iii. Indemnification Clause: This clause outlines the indemnity's obligation to protect and hold the indemnity harmless from any claims, damages, losses, or liabilities related to the specified activities. iv. Insurance Coverage: It is common to include a provision requiring the indemnity to maintain adequate insurance coverage to fulfill their indemnification obligations. v. Waiver of Subrogation: This provision prevents the indemnity's insurance company from seeking reimbursement from the indemnity in case they pay out on a claim. vi. Governing Law and Jurisdiction: Specifies that Rhode Island law governs the agreement and any disputes arising from it shall be resolved within the state's jurisdiction. vii. Severability: This clause ensures that if any provision of the agreement is deemed invalid or unenforceable, all other provisions remain intact and enforceable. It is crucial to note that while this description provides a general understanding of Rhode Island General Hold Harmless Agreements, seeking legal advice from a qualified attorney is strongly recommended tailoring the agreement to meet specific needs and comply with applicable laws and regulations.

A Rhode Island General Hold Harmless Agreement is a legal document that outlines the terms and conditions under which one party (referred to as the "indemnity") agrees to protect and indemnify another party (referred to as the "indemnity") from any loss, damages, or liability that may arise due to certain activities or events. This agreement is commonly used in various business transactions and situations to allocate risks and protect parties involved. In Rhode Island, there are several types of General Hold Harmless Agreements that cater to specific circumstances and industries: 1. Standard General Hold Harmless Agreement: This is a basic agreement that aims to protect the indemnity from any claims, damages, or lawsuits arising out of the indemnity's actions, negligence, or omissions during the course of a project or business relationship. 2. Construction General Hold Harmless Agreement: This agreement is specifically designed for construction projects. It helps protect the property owner, contractor, subcontractors, and other related parties from any liability, injuries, or damages that may occur on the construction site. 3. Event General Hold Harmless Agreement: This type of agreement is commonly used for organizing events, such as concerts, exhibitions, or conferences. It protects the event organizers from any claims, lawsuits, or damages arising out of accidents, injuries, property damage, or any other unforeseen incidents occurring during the event. 4. Business General Hold Harmless Agreement: This agreement is tailored for general business activities and transactions. It can be used to protect businesses from claims or lawsuits arising from product defects, breaches of contract, intellectual property disputes, or any other business-related liabilities. Rhode Island General Hold Harmless Agreements typically include the following key components and provisions: i. Parties' Information: It identifies the indemnity(s) and indemnity(s) involved in the agreement, including their names, addresses, and contact details. ii. Description of Activities: It clearly specifies the activities, services, or transactions covered by the agreement, ensuring that all parties understand the scope of indemnification. iii. Indemnification Clause: This clause outlines the indemnity's obligation to protect and hold the indemnity harmless from any claims, damages, losses, or liabilities related to the specified activities. iv. Insurance Coverage: It is common to include a provision requiring the indemnity to maintain adequate insurance coverage to fulfill their indemnification obligations. v. Waiver of Subrogation: This provision prevents the indemnity's insurance company from seeking reimbursement from the indemnity in case they pay out on a claim. vi. Governing Law and Jurisdiction: Specifies that Rhode Island law governs the agreement and any disputes arising from it shall be resolved within the state's jurisdiction. vii. Severability: This clause ensures that if any provision of the agreement is deemed invalid or unenforceable, all other provisions remain intact and enforceable. It is crucial to note that while this description provides a general understanding of Rhode Island General Hold Harmless Agreements, seeking legal advice from a qualified attorney is strongly recommended tailoring the agreement to meet specific needs and comply with applicable laws and regulations.