Hold Harmless Clause
Definition of "Hold harmless clause"
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.
Popular Real Estate Terms
The rent a property commands in a free and open market setting. ...
Structural, storage, and shelving characteristics associated with a warehouse. ...
One who has died with a valid will in effect. ...
An idiomatic expression indicating the desire of an individual to understand new surroundings and all of its nuances including its quality and character. The derivation of the expression ...
Homeowner’s insurance is a kind of property insurance that covers risks commonly encountered by homeowners.There are several kinds of homeowner’s insurance ...
Standard precut lumber sizes for lumber industry needs. The typical sizes are 2 to 5 inches thick by 5 to 12 inches wide. ...
Also called hyperinflation. Very high rate of inflation rate. ...
Party that receives part or all of a construction job to do from the general contractor. ...
Doing business as, or DBA, means an official moniker for your enterprise or company. Regularly, a DBA is a state certificate serving as a registration name and issued under a ...
Have a question or comment?
We're here to help.