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People also ask
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What is the wording for a hold harmless agreement?
shall fully defend, indemnify, and hold harmless from any and all claims, lawsuits, demands, causes of action, liability, loss, damage and/or injury, of any kind whatsoever ( including without limitation all claims for monetary loss, property damage, equitable relief, personal injury and/or wrongful death), whether ...
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What are the three types of hold harmless agreements?
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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Can I write my own hold harmless agreement?
Never create any type of hold harmless agreement for your business without consulting an attorney. When you are required to sign one in the context of business relationships, have your lawyer or insurance agent read it over before you add your signature. Not all HHAs will hold up in court.
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Can I write my own hold harmless agreement?
Never create any type of hold harmless agreement for your business without consulting an attorney. When you are required to sign one in the context of business relationships, have your lawyer or insurance agent read it over before you add your signature. Not all HHAs will hold up in court.
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What is an example of a hold harmless statement?
I further hereby AGREE TO INDEMNIFY AND HOLD HARMLESS THE RELEASEES from any loss, liability, damage or cost, including court costs and attorney's fees, that they may incur due to my participation in said activity, WHETHER CAUSED BY NEGLIGENCE OF RELEASEES or otherwise.
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Do hold harmless agreements hold up in court?
In California, hold harmless agreements are enforceable if they use express contractual language that shifts the risks of certain specified circumstances. Doing so creates an express contractual obligation to indemnify.
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What is the hold harmless phrasing?
“Hold harmless” is the promise to pay any costs that may result from a claim covered by the indemnity provision, including any subsequent fallout stemming from the covered claim and/or its settlement.
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What is another way to say hold harmless?
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. Certain states, including Ohio, Colorado, Louisiana and Delaware, hold that “indemnify” and “hold harmless” are synonymous.
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