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Affidavit of Loss of Bill of Lading with Agreement to Hold Harmless

Riverside California Affidavit of Loss of Bill of Lading with Agreement to Hold Harmless

Name: Riverside California Affidavit of Loss of Bill of Lading with Agreement to Hold Harmless
Brand: US Legal Forms
Rating: 4.87 (303 reviews)

Category:

Affidavits - Bill of Lading

State:

Multi-State

County:

Riverside

Control #:

US-02591BG

Format:

Instant download

Description

An Affidavit of Loss is a written statement declaring the physical loss of a document or a security - usually through theft or destruction. The affidavit contains all details regarding the loss, the owner's name and any information pertaining to the security, such as serial number or date of issue. Once the statement has been made, one can issue a letter of indemnity, requesting the replacement of the security or the delivery of the goods.

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How to fill out Riverside California Affidavit Of Loss Of Bill Of Lading With Agreement To Hold Harmless?

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FAQ

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.

In practice, a hold harmless and an indemnity are functionally equivalent in that both require a party to assume responsibility for losses incurred by another party in connection with certain acts and circumstances. Some argue that while an indemnity shifts losses, a hold harmless shifts both losses and liability.

The main difference in this case is that hold harmless may require a party to protect against actual losses as well as potential losses while indemnification protects against actual losses only.

While such agreements are widely recognized in the State of California, they are only enforceable if, and only if, both the general contractor and the subcontractor sign the agreement. Unlike some contracts, which need only be signed by the party to be charged, an indemnity agreement must be signed by both parties.

Legal Definition of hold harmless : of, relating to, or being an agreement between parties in which one assumes the potential liability for injury that may arise from a situation and thus relieves the other of liability a hold harmless agreement a hold harmless clause compare release.

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. These agreements are usually seen in leases, contracts, and easements, in an attempt to protect either one party or both.

A hold harmless clause is used as a release of liability in a contract that protects one party from injury or property damage caused by another party. By signing the clause, the other party is agreeing not to hold business owners legally responsible for the risks involved in certain services.

Examples of Hold Harmless Clauses 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 clause to protect against a lawsuit if the roofer falls off the roof.

How to Fill Out a Hold Harmless Agreement The date of the agreement. 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.

Enforceability of Hold Harmless Agreements The general answer is yes, that these documents signing away your right to sue for negligence are legally enforceable.

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Riverside California Affidavit of Loss of Bill of Lading with Agreement to Hold Harmless

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What does hold harmless agreement mean?

Is hold harmless the same as indemnification?

Is hold harmless the same as defend?

Are hold harmless agreements enforceable in California?

What does it mean to hold harmless?

Is hold harmless the same as a release?

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