A New York Hold Harmless Agreement is a legal document designed to protect one party from liability for certain actions or events. This form is often used in various agreements, ensuring that one party agrees not to hold the other responsible for any potential damages or losses. Understanding this agreement is crucial for anyone engaging in contracts or activities that may involve risk.
New York Hold Harmless Agreement
This Hold Harmless Agreement is made this ____ day of __________, 20___, by and between:
Whereas, Party A and Party B agree to the following terms for the purpose of holding each other harmless in connection with ________ (describe the activity or event).
1. Indemnification: Party A agrees to indemnify and hold harmless Party B from any claims, damages, or losses arising out of the aforementioned activity, except in cases of gross negligence or willful misconduct.
2. Notification: The parties will promptly notify each other of any claims, suits, or proceedings related to this agreement.
3. Applicable Law: This agreement shall be governed by the laws of the State of New York.
4. Severability: If any provision of this agreement is found to be unenforceable, the remaining provisions shall continue in full force and effect.
5. Entire Agreement: This document constitutes the entire agreement between the parties regarding this subject matter and supersedes all prior agreements.
In witness whereof, the parties have executed this Hold Harmless Agreement as of the date first above written.
______________________________ Party A Signature
______________________________ Party B Signature
______________________________ Printed Name of Party A
______________________________ Printed Name of Party B
When filling out and using the New York Hold Harmless Agreement form, keep the following key points in mind:
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What Is Hold Harmless Agreement - Such agreements enhance communication about responsibility and risk management between contracting parties.
Filling out the New York Hold Harmless Agreement form is a straightforward process. This form is essential for ensuring that all parties involved understand their responsibilities and liabilities. Once you have completed the form, it will need to be submitted to the appropriate parties for review and signature.