A hold harmless clause is a clear legal statement indicating that an individual or enterprise will not be held liable in any way for the risk, danger, injury, or damages caused to the other party. Often, such a clause is signed when an individual embarks on an activity or purchase that involves some degree of unavoidable risk.
The “hold harmless” language of your decree does not eliminate her responsibility for the debt with regard to the bank. The “hold harmless” language just means that you’ve agreed to pay it on her behalf and that, if you don’t and she gets sued or incurs any other manner of financial consequence as a result of your failure to pay ...
Feb 20, 2008 · Best Answer. Copy. A "hold harmless" clause, or an indemnification clause, whether in a document related to a divorce or otherwise, is a common contractual provision which generally says that A ...
Jan 25, 2013 · If, however, your name was on the mortgage and if you have a Settlement or Separation Agreement in your divorce where your spouse agrees to indemnify youo and hold you harmless for any loss related to non-payment of a debt, it does not prevent the creditor from trying to collect the debt from you if your spouse defaults on the loan.
Re: Hold harmless clause The lender was not a party to the “hold harmless” and did not agree to hold you harmless. Only a party who signed the agreement can be held to it. In other words, your husband is responsible for paying costs, etc, and you have to go after him. John Steele Steele Law Firm 161 N. Clark Street, Suite 3200 Chicago, IL 60601
A hold harmless clause is a legal statement that an individual or enterprise will not be held liable for the risk, danger, injury, or damages to another party. 13 min read. 1.
There are two types of hold harmless clauses:
In addition, if one party has a very persuasive argument that they were forced into signing the clause against their wishes, the agreement can be annulled. Sometimes, the clause is prohibited altogether, and this is especially true in some lines of work where it would be unfair for a person or company to escape responsibility.
Contractors: Contractors may require a hold harmless clause from those purchasing their services. For example, a contractor may agree to perform a service for a home renovation project on the condition that if any piece of his work causes harm later, he will not be held liable financially or legally.
A hold harmless agreement may not always protect from liability. The reality is that some states and nations do not respect such clauses, and even where they are respected, such clauses can generally be argued 45against if they are worded too vaguely. It would be simple to attach a hold harmless clause to anything one does, but the clause can only be enforced if the company or individual gives a fair assessment of the risk involved and all parties are aware and prepared. These concepts should be made explicit with detailed language.
It can protect either one party or both. Whoever is protected by the clause cannot be sued for whatever problem may arise.
Sports: A participant may sign over their right to sue the sporting enterprise in the event that they are injured. In this situation, all risks are accepted by the participant — even that of death or dismemberment. Contractors: Contractors may require a hold harmless clause from those purchasing their services.
The phase “defend, indemnify, and hold harmless” is found in many, if not most, contracts with liability allocation provisions, across multiple industries. However, many parties do not have a complete understanding of what, exactly, these words mean. The meaning of all three terms varies on a state-by-state basis.
Exclusive remedy provisions frequently accompany defend, indemnify and hold harmless provisions. An exclusive remedy provision provides that a given remedy (in this case indemnification, defense, and hold harmless) will be the only remedy for any claims arising out of the contract. In this context, much depends on the specific indemnity language ...
The duty to defend triggers an obligation to act when a claim, which is covered by the indemnification provision in the contract, is brought by a party against the indemnitee. The independent obligation to defend requires the indemnitor to actually defend, finance a defense or reimburse the indemnitee against any claim brought against it, regardless of the merits of the claim or the outcome. The differences between the duty to indemnify and to defend, while nuanced, are critically important. The obligation to indemnify arises once a judgment has been entered, whereas the obligation to defend is triggered as soon as a claim is filed against the indemnitee.
On the other hand, hold harmless is a defensive measure providing “ [t]he right not be bothered by the other party itself seeking indemnification.”.
Certain states, including Ohio, Colorado, Louisiana and Delaware, hold that “indemnify” and “hold harmless” are synonymous. Alternatively, California sees the two concepts as distinct as shown in Queen Villas Homeowners Assn v. TCB Prop. Mgmt.
Co., specified that since the defendant in that case was not an insurer, its duty to defend was not broader than its duty to indemnify.
Importantly, the party seeking recovery cannot be at fault. However, when there is an express indemnification provision in a contract, courts, including the Superior Court of Delaware, New Castle are reluctant to read in an implied indemnity.
Remember, if you're holding another party harmless, it essentially means you may not blame them for any loss or liability.
What's the difference between indemnify and hold harmless? Many professionals claim that "indemnify" protects against losses, while “hold harmless” protects against liabilities and losses.
The highest protection available is a hold harmless clause. This is because it's not a pre-made umbrella level of protection like an indemnification, nor is it limited to a breach of contract and claiming damages.
Many others insist that hold harmless clauses are not as specific as indemnity. For example, the term "indemnify" is used when a business hopes to protect itself against claims from a customer's error, while a hold harmless clause prevents a business from taking any responsibility for a customer's mistake. Experts recommend that both terms be ...
No matter what problems arise, the party protected by the clause may not be sued. There are only two types of hold harmless clauses:
Some believe that indemnity only protects against losses while hold harmless clauses protect against both losses and liabilities. However, this explanation does not hold true across all circumstances. Many others insist that hold harmless clauses are not as specific as indemnity. For example, the term "indemnify" is used when a business hopes to protect itself against claims from a customer's error, while a hold harmless clause prevents a business from taking any responsibility for a customer's mistake. Experts recommend that both terms be included for maximum protection.
Below are twenty secrets that a divorce lawyer may not want to share with you. 1. It's going to cost more than you bargained for. It's not always the case—but more often than not, the costs associated with your divorce will often be higher than your lawyer's original estimate.
That you'll save money and heartache by being organized. Divorce lawyers often charge by the hour. If you take responsibility for being as organized as possible, not only are you likely to walk away from your marriage with a more acceptable outcome, you'll probably save some money too.
While it may seem difficult, coming to an agreement with your spouse can alleviate a lot of the issues of divorce and it could also save a lot of ugliness down the line. If you have kids and common friends, it's likely that you and your spouse may be in each other's lives for years, even decades to come. Those interactions aren't going to be made easier if one or both of you hired some hard-nosed lawyers and caused each other pain. If you can work it out, you and your spouse can each part ways without feeling taken advantage of by the other.
Mediation is a process whereby you and your spouse sit down with a neutral third party to negotiate several important areas of divorce. It's a low-cost way to address practically any other disagreement you and your spouse may have. While the mediator's decision is not binding, it allows a neutral party to provide their perspective on how divorce related issues should be addressed. However, mediation can only be a useful tool if you and your spouse can come to an broad agreement.
If your spouse meets with an attorney first, it could create a conflict of interest that would not allow them to represent you. (Incidentally, this was a tactic that Tony used when mulling over divorce with Carmella in The Sopranos .) Secondly, attending several consultations can help you better understand the process, your rights, and help you to manage your expectations. Thirdly, meeting with several attorneys enables you to weed out the ones who aren't a great fit.
An uncontested divorce means that you and your spouse agree child custody, spousal support, child support, visitation, and division of property. If you find that there is no need to fight over these things, you've already saved yourself thousands of dollars.
Fault-based divorce is when one spouse committed an act that gives legal justification to the ending of the marriage. These acts include adultery, a felony conviction, cruelty, or desertion.