0
What else can I help you with?
What does defend mean in the phrase indemnify defend and hold harmless?
It is a legal term which covers who pays for what in the event of litigation. In a construction contract setting, generally, the owner will require the contractor to indemnify, defend and hold them harmless in the event of a claim attributable to the work. Separately they mean: Indemnify - reimburse costs for defense of the claim Defend - control the defense of the claim Hold Harmless - agreement to not hold the owner liable for costs the contractor incurs as a result of defending the claim
What are the differences in the legal definitions of save harmless hold harmless and indemnify?
There is no substantial difference among the three terms.
What does it mean to indemnify and hold harmless in a legal context?
To indemnify and hold harmless in a legal context means to protect someone from financial loss or legal responsibility for certain actions or situations. It involves one party agreeing to compensate or protect another party from any damages, liabilities, or costs that may arise from a specific situation or agreement.
What does it mean for you to indemnify an insurance company and hold them harmless?
It refers to your agreement that, if the insurer pays you a sum of money, and there comes along another person or entity that also asserts an entitlement to all or a part of that money, that you will indemnify and hold the insurer harmless from that claim. Indemnity is a legal theory that one will pay, on behalf of another, that which the other party may owe. To hold harmless means essentially the same thing but is often used to extend the obligation to the payment of attorney's fees and attending costs.
What does indemnifies mean?
I believe to indemnify means to hold harmless in the event of a problem. Actually almost the opposite...it means you will be responsible for and pay for the damages or hurt/costs suffered. It normally is used with the above though to become something like "I will hold you harmless and indemnify you for any loss because of...."
Hold Harmless Agreement?
Get StartedA Hold Harmless Agreement is a legal contract designed to protect one party from liability based on the actions of another party. A Hold Harmless Agreement may be used in a variety of situations, such as when one party is using the property or facilities of another, one party is performing services for another, or one party is participating in an activity hosted by another party. A Hold Harmless Agreement is most commonly used in a business transaction where one party agrees not to hold the other party responsible for any damage or liability that may occur during the transaction.A Hold Harmless Agreement may not be valid if one of the parties performs actions in a negligent or intentionally bad manner, or if one of the parties has committed a fraudulent or criminal act.
Where I can get a hold harmless agreement?
You can obtain a generic Hold Harmless Agreement from many off the shelf Software suites offering legal forms at your local Computer software vendor.
What is a hold harmless agreement?
Also called an "indemnification", this type of agreement protects someone from being sued because of what a third person does to the victim. For example, before I let you clean the floors of my office, you will have to indemnify me (hold me harmless) if you negligently leave a dangerous condition that injures a visitor. The visitor sues me, I invoke indemnification, you pay all my legal bills and any damages awarded by the court.
How can you challenge a hold harmless agreement that you do not believe was signed legally?
To challenge a hold harmless agreement you believe was not signed legally, you should first gather evidence indicating that the agreement lacks the necessary elements of a valid contract, such as mutual consent, capacity, and consideration. Review the circumstances of the signing to identify any coercion, fraud, or misrepresentation. Consult with an attorney to assess the specifics of your situation and determine the best legal strategy, which may include filing a motion to invalidate the agreement in court. Lastly, ensure you keep a record of all relevant communications and documents related to the agreement.
What difference between indemnity and contract and contract of guarantee?
A contract of guaranty is a collateral undertaking, and presupposes an original contract; while a contract of indemnity is original and independent. In a contract of indemnity, the undertaking is to make good and save harmless the person, with whom the contract is made, upon an obligation of such person to a third person; while, in a contract of guaranty, the obligation is to answer for the debt, default, or miscarriage of another to the person with whom the contract is made.
Where can i find a free hold harmless agreement for repossessing cars?
in the sewer
What is the difference between contract of indemnity and guarantee?
A contract of guaranty is a collateral undertaking, and presupposes an original contract; while a contract of indemnity is original and independent. In a contract of indemnity, the undertaking is to make good and save harmless the person, with whom the contract is made, upon an obligation of such person to a third person; while, in a contract of guaranty, the obligation is to answer for the debt, default, or miscarriage of another to the person with whom the contract is made.
