Hold Harmless Clause
🛡️ Insurance
intermediate

Quick Definition

A hold harmless clause is a legal agreement in which one party agrees not to hold the other party liable for any loss, damage, or legal liability.

Examples

  • 1A construction company includes a hold harmless clause in its contract with a client to avoid liability for injuries that occur to third parties due to the client’s negligence.
  • 2A fitness center requires members to sign a hold harmless agreement to prevent lawsuits if members are injured while using the gym equipment.
  • 3In a property lease, the landlord might include a hold harmless clause to ensure that the tenant is responsible for any accidents or damages that occur on the premises.
  • 4A software company includes a hold harmless clause in its licensing agreement to protect against liabilities from software malfunctions that cause user losses.

Tags

legal agreementliabilitycontractinsurancerisk