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Hold Harmless Agreement

What Does Hold Harmless Agreement Mean?

A hold harmless agreement is a clause in a contract that relieves one party of any liability with the consent of a second party. The second party assumes the legal responsibility for damage or injury.

It is also known as the hold harmless provision or hold harmless clause

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Insuranceopedia Explains Hold Harmless Agreement

The hold harmless agreement is forged when one party asks another to perform a task that comes with some risk. A company might hire a contractor, for instance, and include a hold harmless provision in the contract that absolves them from responsibility for any damage or injury that arises from the contractor's work. In a broad hold harmless agreement, the contractor could even be held responsible for mistakes that would otherwise be attributed to the company.

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Synonyms

Hold Harmless Provision, Hold Harmless Clause

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InsuranceLiability InsuranceInsurance ContractPersonal LinesPersonal

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