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In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless".
have and hold [1] heirs and successors; high crimes and misdemeanors; hue and cry; indemnify and hold harmless [1] infangthief and outfangthief; joint and several liability; keep and perform [1] kind and nature [1] law and order; legal and valid [1] let or hindrance; lewd and lascivious conduct; liens and encumbrances [1] make and enter into [1 ...
The relationship between "indemnify" and "hold harmless" really isn't clear, and most lawyers use "indemnify and hold harmless" without actually understanding what they are saying. But "hold harmless" probably just means that one party will ensure that another party will not suffer any detriment in respect of whatever is being referred to - in ...
The hold-harmless language ended up in the final bill, to the apparent anguish of Individual A and Eberhart. According to another text change during these negotiations, this issue seemed to be a ...
indemnification. Upon a request by us, you agree to defend, indemnify, and hold harmless us and our parent and other affiliated companies, and our respective employees, contractors, officers, directors, suppliers and agents and distributors from all liabilities, claims, and expenses, including attorneys’ fees that arise from your use or ...
Not all escrow agreements impose the duties of a legal trustee on the escrow agent, and in many such agreements, escrow agents are held to a mere gross negligence standard and benefit from indemnity and hold harmless provisions. If the escrow agent is licensed by governmental authority, [where?] then much higher legal standards may apply.
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