Contractor Hold Harmless Agreement - Page 2

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Hold Harmless Agreement - City Hall Conference Room Use - Summit - cityofsummit
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City of summit holdharmless agreement 1. i/we me/my shall mean one of the following: an individual: name: or organization: name: or an individual: name: 2. you/your shall mean the municipal corporation known as the city of summit, its agents,...
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What is a contractor hold harmless agreement?

A contractor hold harmless agreement, also known as an indemnity agreement, is a legal document that protects one party, usually the contractor, from being held liable for any damages, claims, or losses that may arise during a project or business transaction. This agreement is commonly used in construction and other industries where potential risks and liabilities exist.

What are the types of contractor hold harmless agreement?

There are two main types of contractor hold harmless agreements:

Broad Form: This type of agreement offers the contractor full protection from any claims or damages, even if they arise from the negligence or wrongful acts of the contractor.
Limited Form: This type of agreement only protects the contractor from claims or damages that are directly caused by the actions or omissions of the party being held harmless.

How to complete a contractor hold harmless agreement

To complete a contractor hold harmless agreement, follow these steps:

01
Clearly identify the parties involved: Include the full names and contact information of both the contractor and the party being held harmless.
02
Specify the scope of the agreement: Clearly define the project, transaction, or activities that the agreement applies to.
03
Outline the responsibilities and liabilities: Clearly state the responsibilities and liabilities of each party, including any exclusions or limitations.
04
Include indemnification clauses: Detail how and when the contractor will be indemnified and protected from any claims or damages.
05
Seek legal advice: It is advisable to consult with a legal professional or attorney to ensure the agreement meets all legal requirements and adequately protects your interests.

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