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HOLD HARMLESS AND INDEMNITY AGREEMENT MAIN STREET FEST May 17, 18 and 19, 2024 I, ___, the Undersigned, binding my heirs, executors, administrators, estate and assigns, do hereby agree to completely
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How to fill out hold harmless and indemnity

01
Begin by entering the legal names and addresses of both the releasor (the party being protected) and the releasee (the party being indemnified).
02
Include a detailed description of the activity or agreement for which the hold harmless and indemnity will apply.
03
Clearly outline the risks involved in the activity or agreement and specify that the releasor is assuming these risks.
04
Include any relevant insurance information, waivers of liability, or other protective measures.
05
Have both parties sign and date the hold harmless and indemnity agreement in the presence of a witness or notary public.

Who needs hold harmless and indemnity?

01
Any individual, business, or organization that is engaging in potentially risky activities or agreements where there is a chance of harm or loss may need hold harmless and indemnity protection.
02
Examples include event organizers, contractors, landlords, and sports teams.
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Hold harmless and indemnity are legal terms that refer to agreements whereby one party agrees to assume responsibility for the potential injuries or damages caused by their actions or the actions of others. This can protect another party from financial loss or legal liability.
Typically, parties engaged in contracts that involve potential liability, such as contractors, service providers, or lessees, are required to file hold harmless and indemnity agreements.
To fill out a hold harmless and indemnity agreement, one must provide the names of the parties involved, specify the scope of the indemnity, outline the responsibilities of each party, and include signatures and dates from both parties.
The purpose of hold harmless and indemnity agreements is to protect one party from liability and financial loss resulting from claims or lawsuits that arise from the actions of another party.
Information that must be reported includes the names of the parties, the specific activities covered, the extent of indemnification, any limits or conditions, and the date of the agreement.
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