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Indemnification Agreement regarding Holding Harmless Indemnitee from...

Sacramento California Indemnification Agreement regarding Holding Harmless Indemnitee from any Losses Claims or Damages

Name: Sacramento California Indemnification Agreement regarding Holding Harmless Indemnitee from any Losses Claims or Damages
Brand: US Legal Forms
Rating: 4.6 (402 reviews)

Category:

Corporations - Public - Indemnification

State:

Multi-State

County:

Sacramento

Control #:

US-EG-9346

Format:

Instant download

Description

Indemnification Agreement between Celebrateexpress.Com, Inc. and _______ (Indemnitee) regarding holding harmless indemnitee from and against any losses, claims, damages, liabilities, etc. dated 00/00. 10 pages.

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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.

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.

Hold harmless and indemnification is a clause that should identify which party will defend and indemnify the other party in a claim situation; it may be a mutual agreement.

A California hold harmless agreement is a clause in a contract in California releasing one party from liabilities or consequences due to the actions of the other party.

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

While generally, indemnity contracts for negligence are enforceable, the strict rule of construction in California is that indemnity for active negligence requires explicit language in the clause that negligence of the indemnitee is to be included.

A hold harmless agreement (or harmless agreement) is a legally binding agreement stating that one party will not hold the other party responsible (or liable) for the risk of physical or property damage.

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.

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.

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.

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An indemnity agreement is a contract that 'holds a business or company harmless' for any burden, loss, or damage.

Sacramento California Indemnification Agreement regarding Holding Harmless Indemnitee from any Losses Claims or Damages

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FAQ

What does hold harmless clause mean?

Is hold harmless the same as a release?

What is an indemnification and hold harmless agreement?

What is a hold harmless agreement California?

Is a hold harmless agreement enforceable?

Are indemnification clauses enforceable in California?

Are hold harmless agreements legally binding?

Are hold harmless agreements enforceable in California?

What is the meaning of hold harmless?

Is hold harmless the same as defend?

Interesting Questions

What is an indemnification agreement in Sacramento?

Who is considered the indemnitor in the Sacramento indemnification agreement?

Who is the indemnitee in the Sacramento indemnification agreement?

What does 'holding harmless' mean in the Sacramento indemnification agreement?

What types of losses, claims, or damages are covered by the Sacramento indemnification agreement?

Can the indemnitor be held responsible for losses, claims, or damages caused by the indemnitee's actions?

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