Hold Harmless Agreement Insert Page Numbers For Free

A hold harmless agreement protects business owners from being sued when someone suffers damage, bodily injury, or financial loss on business property or while a service is being provided.

A hold harmless agreement protects business owners from being sued when someone suffers damage, bodily injury, or financial loss on business property or while a service is being provided.

This HOLD HARMLESS AGREEMENT (this Agreement) is made effective on insert date by and between insert name of who will be protected from liability of insert address here, and insert name of who will provide protection from liability, of insert address here.

A Hold-Harmless Agreement (also known as an Indemnity Agreement) allows one party to protect another party against any future losses or claims that may result from a particular activity.

The general answer is yes, that these documents signing away your right to sue for negligence are legally enforceable.The end result is that if you are injured after signing one, the hold harmless may not bar you from filing a lawsuit.

In the case of a hold harmless obligation, the party giving the indemnity will effectively be in breach of the contract as soon as the indemnified party suffers any loss or damage.However, the party giving the indemnity is not obliged to do anything until called upon to make good the loss or damage.

By signing a broad form hold harmless agreement you are possibly exposing your company to uninsurable risk. Contractual Liability Coverage for sole or gross negligent acts of your client is excluded is y most liability policies.As with all contracts, it is best to have legal counsel review prior to signing.