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Hold harmless: Difference between revisions
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It is a slightly odd undertaking, because as a general proposition, a contracting party is not liable for damages the other suffers unless they are caused by a [[breach of contract]] — that is, a [[hold harmless]] isolates a party from a liability it | It is a slightly odd undertaking, because as a general proposition, a contracting party is not liable for damages the other suffers unless they are caused by a [[breach of contract]] — that is, a [[hold harmless]] isolates a party from a liability it shouldn't have under the [[contract]] in the first place. It may operate to shut down an argument based on an implied term, or prevent a claim in [[tort]] arising from faithful performance of the contract (don’t get me started on [[concurrent liability]]). | ||
{{box|The paradigm case is the parking building that asks its customers to hold it harmless for damage or theft to their vehicles while parked in the parking building.}} | |||
Read more: Hold Harmless Clause Definition | Investopedia http://www.investopedia.com/terms/h/hold-harmless-clause.asp#ixzz4LdpxmX9e | |||
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({{indemnitycapsule}}) | ({{indemnitycapsule}}) | ||
{{c2|contract|damages}} | {{c2|contract|damages}} | ||