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People also ask
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Do hold harmless agreements hold up in court?
These hold harmless agreements are contracts, enforceable as any other contract would be, and courts can and do enforce them.
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How does a hold harmless agreement work?
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.
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What is a subcontractor hold harmless agreement?
The hold harmless agreement would prevent the subcontractor from seeking damages if they're harmed or their property is damaged while they're working with you. FYI. Contractors' business insurance needs are complex, with two types of general liability insurance: claims-made policies and occurrence policies.
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What is an example of a hold harmless agreement?
I HEREBY AGREE TO INDEMNIFY AND HOLD HARMLESS RELEASEES FROM ANY AND ALL LOSSES, LIABILITIES, CLAIMS, DEMANDS, INJURIES (INCLUDING DEATH), OR DAMAGES, INCLUDING COURT COSTS AND ATTORNEY'S FEES AND EXPENSES, WHICH MAY OCCUR TO MYSELF, OTHER PARTICIPANTS, OR MY PROPERTY ARISING OUT OF MY PARTICIPATION IN THIS ACTIVITY, ...
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What is the purpose of a hold harmless agreement?
A hold harmless agreement, or HHA, is an agreement used to help prevent you or your organization from being held responsible for certain types of bodily injury or property damage. This type of agreement might also be referred to as a liability waiver, disclaimer, hold harmless letter, or release of liability.
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What are the three types of hold harmless?
The most commonly used types of hold harmless agreement clauses are the “broad,” “intermediate,” and “limited” form hold harmless clauses. Limited Form Hold Harmless Agreement—Where Party A holds Party B harmless for suits arising out of Party A's sole negligence.
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