Hold Harmless Agreement
This Hold Harmless Agreement ("Agreement") is made effective as of ______ [insert date], by and between ______ [insert name of indemnifier], hereinafter referred to as "Indemnifier", located at ______ [insert address], and ______ [insert name of indemnitee], hereinafter referred to as "Indemnitee", located at ______ [insert address]. This Agreement is executed in accordance with the laws of the State of ______ [insert relevant state], and shall be governed and construed in accordance with the laws of said state without giving effect to any choice of law or conflict of law provisions.
1. Purpose
The purpose of this Agreement is to hold the Indemnitee harmless from any claims, damages, losses, liabilities, and expenses arising out of or in connection with the following described activity or event: ______ [insert description of activity or event].
2. Scope of Indemnification
Indemnifier agrees to indemnify and hold harmless the Indemnitee, its affiliates, officers, agents, employees, and permitted successors and assigns against any and all claims, losses, damages, liabilities, penalties, punitive damages, expenses, reasonable legal fees, and costs of any kind or amount whatsoever, which result from or arise out of any act or omission of the indemnifier, its agents, employees, and subcontractors, which occur in connection with this Agreement. This indemnification will survive the termination of this Agreement.
3. Exceptions
Notwithstanding the above, the Indemnifier shall not be liable under this Agreement to indemnify the Indemnitee in the event that any claim, loss, damage, or expense arises due to the negligence or willful misconduct of the Indemnitee or its agents, employees, or subcontractors.
4. Insurance
The Indemnifier shall, at its own expense, maintain and carry insurance in full force and effect which supports the obligations under this Agreement, with financially sound and reputable insurers.
5. Duration
This Agreement shall commence on the effective date as first above written and shall continue in effect until ______ [insert termination date], or until earlier terminated as provided in this Agreement.
6. Entire Agreement
This Agreement contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, inducements, or conditions, express or implied, oral or written, except as herein contained.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of ______ [insert relevant state], exclusive of its principles of conflicts of laws.
8. Severability
If any provision of this Agreement is declared void or unenforceable, such provision shall be deemed severed from this Agreement, which shall otherwise remain in full force and effect.
9. Modification
No adjustment, modification, or waiver of any of the provisions of this Agreement shall be valid unless made in writing and signed by both parties.
10. Execution in Counterparts
This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
Signatures
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the first date above written.
Indemnifier: ________________________________________
Indemnitee: _________________________________________