hold harmless clause

A hold harmless clause is a legal statement in an agreement where one party agrees not to hold the other party responsible or liable for any potential damages, losses, or injuries that might occur. Essentially, it means if something goes wrong, the party agreeing to this clause cannot seek compensation or legal action against the other party. This clause helps allocate risk and protect parties from legal claims related to certain activities or situations specified in the agreement. It’s common in contracts like leases, service agreements, and construction contracts.