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Release and Hold Harmless Agreement and Conditions of Form
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People also ask
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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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What is an example of a waiver statement?
I have signed this WAIVER AND RELEASE freely, voluntarily, under no duress or threat of duress, without inducement, promise, or guarantee being communicated to me. My signature is proof of my intention to execute a complete and unconditional WAIVER AND RELEASE of all liability to the full extent of the law.
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Why would a house have a hold harmless agreement?
The purpose of a hold harmless agreement is to protect a party from unforeseen risks of a contract. Generally, hold harmless agreements are enforceable in California if they are specific. Hold harmless provisions are strictly construed against the party they protect.
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What is the statement of hold harmless?
A Hold Harmless Agreement is a legal contract that states that one or both signers will not hold the other party responsible for injuries or damage. A Hold Harmless clause can be one-way ("unilateral") or two-way ("reciprocal").
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What is a release and hold harmless agreement?
A hold harmless agreement is a clause in a legal contract that releases one party from liabilities such as damage, bodily injury or financial loss.
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Who is protected in a hold harmless agreement?
A hold harmless clause is commonly added to contracts. The idea is to protect the company and transfer some of the company's liability to you in return for the business they are sending to you. The clause requires that you protect the company with whom you are contracting if they are sued.
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What is the wording for the hold harmless waiver?
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 wording for a hold harmless agreement?
PURCHASER shall indemnify and hold STATE harmless against any liability for premiums, contributions, or taxes payable under any Workers' Compensation, Disability Benefits, Old Age Benefits, including FICA, or tax withholding laws. Hold Harmless.
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