Hold Harmless Clause

Definition of "Hold harmless clause"

Audrey Matisa
Audrey Matisa Ballenger Realty

A contractual clause where one party assumes a liability risk for another. Thus, a hold harmless clause effectively indemnifies the named party from any liability by transferring the risk to another. For example, John agrees to lease a retail store from Brian under the condition that John will be held harmless from any structural liabilities.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ