Sample Hold Harmless Agreement Template

Sample Hold Harmless Agreement Template

If you`re starting a business or taking on a new project, it`s important to protect yourself from legal liabilities that can arise from unforeseen circumstances. One way to do this is by using a hold harmless agreement, also known as an indemnity agreement.

A hold harmless agreement is a legal document that outlines the responsibilities of each party involved in a project or transaction. It helps to protect one party from being held liable for any damages or losses that may occur during the course of the project.

When drafting a hold harmless agreement, it`s important to include key details such as the names of the parties involved, the project or transaction being undertaken, and the specific liabilities being waived. It`s also important to consult with a legal professional to ensure the agreement meets the needs of your specific situation.

To get started with a hold harmless agreement, you can use a sample template as a guide. Here`s a sample hold harmless agreement template to help you get started:

Hold Harmless Agreement Template

This agreement is made on [date] between [Party A] and [Party B] for the purpose of [state the project or transaction].

1. Purpose of Agreement

Party A agrees to [state responsibility or obligation] and Party B agrees to [state responsibility or obligation].

2. Waiver of Liability

Party A hereby waives any liability for any damages, losses, or injuries that occur during the course of the project or transaction. Party B agrees to hold Party A harmless from any such claims.

3. Indemnification

Party B agrees to indemnify and hold Party A harmless from any and all claims, damages, or losses that may arise in connection with the project or transaction.

4. Governing Law

This agreement will be governed by the laws of [state/country].

5. Signatures

Both parties agree to the terms and conditions of this agreement by signing below.

_____________________________ _____________________________

[Party A Signature] [Party B Signature]

_____________________________ _____________________________

[Printed Name] [Printed Name]

_____________________________ _____________________________

[Date] [Date]

By using a hold harmless agreement, you can protect yourself from unforeseen legal liabilities that could otherwise jeopardize your business or project. Use this sample template as a starting point, but be sure to consult with a legal professional to ensure your agreement meets the unique needs of your situation.

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