Definition of "Hold harmless clause"
Pon Winstead, Real Estate Agent
Berkshire Hathaway HomeServices Carolina Premier Properties
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.
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