Hold harmless agreement

{
  "id": "MLC-T-INS-001729",
  "term": "Hold harmless agreement",
  "field": "Insurance and risk management",
  "definition": "A contractual provision where one party agrees not to hold the other party responsible for any loss, damage, or legal liability arising from a specific transaction or activity. This agreement transfers potential liability from one party to another. It is frequently used in construction contracts, leases, and service agreements to allocate risk among the involved parties.",
  "url": "https://mlchart.com/terminology/insurance/hold-harmless-agreement/"
}