NettetIn most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other party’s actions or failure to act. The intent is to shift liability away from one party, and on to the indemnifying party. It is also known as a “hold harmless” clause, because one party will hold harmless the ... NettetSample 1 Sample 2. SOFTWARE INDEMNIFICATION. Customer shall, at its sole expense, defend, indemnify, and hold harmless Samsung SDS and its licensors from and against any and all claims, proceedings, damages, injuries, liabilities, losses, costs, and expenses ( including attorneys ’ fees and litigation expenses) that Samsung SDS or its ...
INDEMNIFY AND HOLD HARMLESS AGREEMENT - Law Insider
Nettet28. okt. 2024 · What Is a Hold Harmless Agreement? A hold harmless agreement is a clause in a legal contract absolving one party of legal liability for any injuries or … Nettet28. jan. 2024 · There is one important difference between a hold harmless and an indemnity - a party granting a hold harmless not only shifts risk to itself by taking … open learning tafe courses
Sample Hold Harmless Agreements Personal Injury Claims ...
NettetThe duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". In contrast, a " guarantee " is an obligation of … NettetIndemnification and Hold Harmless a) CONTRACTOR shall indemnify and hold LEA and its Board Members, administrators, employees, agents, attorneys, volunteers, and … Nettetunderstood that the indemnification provided herein constitutes the Contractor's waiver of immunity under Industrial Insurance, Title 51 RCW, solely for the purposes of this indemnification. This waiver has been mutually negotiated by the parties. The provisions of this section shall survive the expiration or termination of this Agreement. Leases: openlearn money management