How to arrange indemnity between two parties? Set up an Hold Harmless Agreement! Download this legal Hold Harmless Agreement template now to arrange protection of the Indemnitee by the Indemnifier!
What does Hold Harmless means (Indemnity)?
If a Party is considered harmless, that means that an Indemnity is applicable. This means that one Party (the indemnifier) is protected by the other Party (indemnitee) in the event the indemnitee experiences loss or damages during an Activity, such as renting vehicles, tenancy, consulting assignment, construction project, etc.
What is a Hold Harmless Agreement?
An Indemnity is agreed between two Parties, for one of those Parties. This means that they are protected from any unforeseen liabilities, losses, claims or damages during their involvement in an Activity. The indemnifier is the one who promises to hold the other party harmless and will reimburse them (the indemnitee) for any claims, liabilities or losses.
Legal communication is essential to companies to ensure truthful, accurate information exchange and manage their liabilities. This Indemnity Agreement will help you with this. However, an Indemnity Agreement does not automatically state that the general provider is indemnified against claims arising from the general contractor’s own negligence. But, by using this ready-to-use and easy-to-modify Hold Harmless Agreement, you can minimize the risk to be held liable if anything unforeseen happens.
Our trustworthy legal templates are all drafted and screened by legal professionals that have experience in special law-related fields and are actively involved in legal issues around the topic. The 3 step process virtually guarantees you can finish and print your legal document in minutes! This Hold Harmless Agreement template covers the most important subjects and will help you to structure and communicate in a professional and legal way with the stakeholders involved.
Download this professional legal Hold Harmless Agreement template if you find yourself in this situation and save yourself time, efforts and possibly reduce the lawyer-fees! Using our legal templates will help you to deal with the situation! However, this template will help you dealing with this legal matter, we still recommend you to consider to find legal support in case you have doubts dealing with it the right way.