Hold harmless agreement
A hold harmless agreement, also called an indemnity clause, is a contract term where one party agrees to take on responsibility for certain claims or losses so the other party is not blamed or charged. Venues, cities and organizers often put one in vendor agreements and permits.
Updated
About hold harmless agreement.
Also called: indemnity agreement, indemnification clause, hold harmless clause.
It is usually one-directional: a vendor agrees to cover claims arising from the vendor's own booth and activity. Some are mutual, and some are broad enough that a vendor should read them carefully.
Insurance and a hold harmless clause work together: the clause shifts responsibility on paper, and the insurance policy is what pays. A clause with no insurance behind it is only as good as the vendor's bank account.
Do not sign a clause you do not understand. A broad clause can make you responsible for things you cannot control, such as another vendor's tent.
This is general information, not legal advice; check with your city, county or state office or an attorney for your situation.
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