Hold Harmless Agreement 即免责条款,通常应用于涉及三方的场景,如再保及转分保等。 Hold Harmless Agreement 的条款措辞并非行业标准的,而是各家根据实际需要拟定的,但内容基本都包括一方对另一方责任的完全免除。初次接触时,我有怀疑过此种规定的合理性,但通过对同类项目进行比较,我找到了这种“完全免责”的合理性。
A hold harmless agreement, or a hold harmless clause within a contract, protects one party from being held liable for damages, injury, or financial loss caused by another party. By signing a hold harmless agreement, one party accepts certain risks involved in a project or a transaction. A un...
Liability refers to the state of being legally responsible for something, typically involving financial or legal obligations arising from agreements. Indemnity is an agreement to cover losses or damages incurred, often through insurance or contracts. ...
What is an indemnity agreement? An indemnity agreement is a contract that protects one party of a transaction from the risks or liabilities created by the other party of the transaction. Hold harmless agreement, no-fault agreement, release of liability, or waiver of liability are other terms ...
aAirline shall indemnify, reimburse and hold harmless Marhaba Services against and in respect of any and all damages, losses, costs and expenses incurred or suffered by any person or entity resulting from any breach or default of this Agreement by Airline. 正在翻译,请等待... ...
Some businesses have bailors signhold harmless agreementsor other liability disclaimers before entrusting their property. These are meant to take the responsibility off the bailee’s shoulders and indemnify the company in case something happens to the property while it is under their care. ...
It is implemented through an indemnity agreement or hold harmless agreement in a contract. This type of liability can be used to transfer the risk of lawsuits from one party to another, making it an important concept in risk management. What Is Contractual Liability? When one party agrees to ...
Unlike the latter, it is not something you purchase; instead, it is an agreement between parties that ensures that one party pays the other for any losses or damage and may require that the other party to pay for a defense of a party. The agreement may be expressed or implied. The ...
The Medicare hold harmless provision is a statutory restriction that prevents Medicare from raising most Social Security recipients’ Medicare Part B premiums by more than thecost of living adjustment(COLA) provided by Social Security in a given year. TheSocial Security Administration (SSA)cost of li...
A cost-of-living adjustment (COLA) is an annual increase to Social Security and Supplemental Security Income intended to counteract the effects of inflation.