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WAIVER AND RELEASE FROM LIABILITY FOR USE OF HUNTING LANDI, , HEREBY WAIVE AND RELEASE, indemnify, hold harmless and forever discharge and its agents, employees, officers, directors, affiliates, successors

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What does indemnity mean in legal terms?

An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be incurred by another individual. The right to indemnity and the duty to indemnify ordinarily stem from a contractual agreement, which generally protects against liability, loss, or damage.

What is a release and hold harmless agreement?

A Release of Liability, or 'Hold Harmless Agreement', is a legal document that indemnifies an individual or business entity from legal and/or financial responsibility. If the release is being signed after the event took place, such as a car accident, the releasor may be paid money to sign such an agreement.

What does hold harmless agreement mean?

A Hold Harmless Agreement is a legal agreement that states that one party will not hold another party liable for risk, often physical risk or damage. The Hold Harmless Clause can be one-way (unilateral) or two-way (reciprocal) agreements and can be signed before or after an activity takes place.

Does a hold harmless agreement stand up in court?

Broad Form Hold Harmless The indemnitor (property manager) has assumed all liability of the indemnitee (painting contractor), even in situations where the indemnitee is solely negligent in causing injury or damage to a third party. These generally don't hold up in court.

How do I fill out a hold harmless agreement?

The date of the agreement. The name of the person held harmless or protected, with their address. The name of the other party to the agreement, with their address. Details about the activity or event the agreement is about, such as horseback riding or country club membership.

What does a hold harmless clause mean?

A provision in an agreement under which one or both parties agree not to hold the other party responsible for any loss, damage, or legal liability. In effect, this clause indemnifies the parties on a unilateral or reciprocal basis (as the case may be). See also indemnity clause.

What is a hold harmless indemnity agreement?

A Hold Harmless (Indemnity) Agreement is used between two parties (such as an employer and employee) to establish protection from liabilities, losses, claims, or damages for one of the parties during their involvement in an activity.

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