Hold Harmless Agreements are more formally known as Indemnity Agreements, where an Indemnity represents a type of security or protection for one person or organization against financial and other liabilities.
This type of contract is quite common in business and private lives. A Hold Harmless Agreement is often required of an employer and employee relationship where it serves to protect the employer against damage claims on the part of the employees.
A Hold Harmless Agreement protects the indemnitee from being responsible in a particular situation. Often expected in the workplace, you can also use it in other instances. For instance, a landlord may insist on executing a Hold Harmless Agreement before allowing a tenant to move in before the start of the lease agreement.
Businesses working with heavy-duty and hazardous equipment or activities might also use Hold Harmless Agreements to protect against potential liabilities.
Depending on your state, Hold Harmless Agreement may also be known as:
Any two parties entering into an agreement where one party could become liable benefit from a Hold Harmless Agreement. Employers and landlords often insist on such an arrangement.
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The Hold Harmless Agreement should adhere to state law, first and foremost. To ensure these laws are met, it helps to have a proven template.
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Both the indemnitee and indemnifier must sign the Hold Harmless Agreement in the presence of a witness to make it legally binding. Notarization is usually not necessary.
After generating your Hold Harmless Agreement on 360 Legal Forms, print out a copy and have both parties sign it in the presence of a witness. There is no need to file it with the court or any other body. Distribute a physical copy of the contract to the indemnitee and the indemnifier.
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