Get the free HOLD HARMLESS AGREEMENT - Valic

SECTION 403(b) PLAN QUALIFIED SERVICE PROVIDER AGREEMENT (HOLD HARMLESS AGREEMENT) insert text WHEREAS, the governing board of (the Employer) wishes to make available to its employees tax deferred

How to fill out hold harmless agreement

How to fill out a hold harmless agreement:

1. Begin by clearly identifying the parties involved in the agreement. This includes the names and contact information of both the party seeking protection (the indemnitee) and the party providing the protection (the indemnitor).
2. Define the scope of the agreement. Specify the activities, events, or circumstances for which the hold harmless agreement will apply. This can include specific dates, locations, or any other relevant details.
3. Clearly state the intent of the agreement. Explain that the purpose of the hold harmless agreement is to protect the indemnitee from liability or legal action arising from the designated activities or events.
4. Outline the responsibilities and obligations of both parties. Include any specific requirements, restrictions, or expectations that each party must adhere to in order to fulfill their obligations under the agreement.
5. Include any additional provisions or clauses that are important to the specific situation or industry. These may include insurance requirements, waiver of subrogation, choice of law provisions, or any other necessary terms.
6. Seek legal advice or consult with an attorney to ensure that the hold harmless agreement complies with relevant laws and regulations in your jurisdiction.

Who needs a hold harmless agreement?

1. Contractors and subcontractors: When hiring contractors or subcontractors to perform work on your property or project, it is essential to have a hold harmless agreement in place. This protects you from any liability for the actions or negligence of the contractors while they are on your premises.
2. Event organizers: If you are organizing an event such as a concert, festival, or sporting event, you may need a hold harmless agreement to protect yourself from liability for any injuries, property damage, or other incidents that may occur during the event.
3. Property owners: If you are leasing or renting out your property, having a hold harmless agreement can help protect you from liability for any injuries or property damage that may occur on the premises.
4. Service providers: Professionals who provide services such as cleaning, repairs, or maintenance may benefit from using hold harmless agreements to limit their liability for any damages or injuries that may arise from their work.

In any situation where there is a potential risk of injury, damage, or legal action, a hold harmless agreement can help protect the indemnitee from liability. It is always recommended to consult with a legal professional to ensure that the agreement covers all necessary aspects and is legally enforceable in your jurisdiction.

For pdfFiller’s FAQs

What is hold harmless agreement?

A hold harmless agreement is a legal document that transfers liability from one party to another, typically used in situations where one party wants to protect themselves from being sued by the other party.

Who is required to file hold harmless agreement?

Typically, both parties involved in a business transaction or agreement are required to sign a hold harmless agreement to protect themselves from potential liability.

How to fill out hold harmless agreement?

To fill out a hold harmless agreement, both parties must provide their names, contact information, description of the agreement or transaction, and sign the document in the presence of a witness or notary public.

What is the purpose of hold harmless agreement?

The purpose of a hold harmless agreement is to protect both parties from legal liability in case of any damages, injuries, or losses that may occur during the course of their agreement.

What information must be reported on hold harmless agreement?

The hold harmless agreement must include the names and contact information of both parties, a description of the agreement or transaction, the date the agreement was signed, and the terms and conditions of the hold harmless clause.

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