What is a hold harmless indemnity?

Answer Hold harmless indemnity is one of the most important concepts used in business law today. In its simplest form, hold harmless indemnity removes liability from one party by transferring that liabil... Read More »

Top Q&A For: What is a hold harmless indemnity

Hold Harmless and Indemnity Agreement?

Few contractual clauses offer more protection or are as misunderstood as the hold harmless, or indemnity, clause. Whether incorporated into a larger contractual agreement or signed as a separate ag... Read More »

What is a hold harmless agreement?

When a business professional or vendor is involved in a transaction that has some degree of risk that something could go wrong, he will usually include a hold harmless agreement with the paperwork.... Read More »

Should lease have a hold harmless clause?

No. Hail damage to a car is covered by the comprehensive (sometimes called "other than collision" or "comp") portion of your auto insurrance policy.

What is Principle of indemnity?

AnswerThe principle of indemnity is an insurance principle stating that an insured may not be compensated by the insurance company in an amount exceeding the insured's economic loss. "Financial com... Read More »