answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Should lease have a hold harmless clause?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Which clause is implemented if the requirements associated with preauthorization of a claim prior to payment are not met?

hold harmless


What does hold harmless mean in a divorce?

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 will hold B harmless from something that would otherwise cost B money. Very often a "hold harmless" clause is used when there is a potential claimant who has a legal right to make his claim against B, even though A bears some or all of the legal or moral responsibility. In a divorce action, for example, a "hold harmless" provision might be used when the husband agrees to hold the wife harmless from liability to the IRS. The law provides that when a husband and wife file a joint return both are generally legally responsible for any any underpayment, including interest and penalties, and the IRS can decide to collect the amount due from either one. If, however, only the husband had income, and only he was aware of what should have been reported and what taxes should have been paid, his lawyer may advise him that it would be fair for him to agree in a divorce settlement to hold his wife harmless from any IRS action. If the settlement contains such a clause, then even if the IRS were to bring proceedings only against the wife, and even if the IRS collected from the wife (by payment, garnishing wages or executing against other property she owns), the husband would be required to pay to the wife everything she had to pay. The details of the hold harmless agreement will often provide whether interest, legal fees, or even the value of the wife's time is included. It should also provide a means for the husband to receive notice if the IRS contacts the wife, and make it clear which of the two parties has the right or the obligation to negotiate with the IRS or to make decisions about the handling of the case. Often a "hold harmless" clause will be subjected to limitations. For example, the parties may agree, that any harm less than some minimum amount is not going to be reimbursed, or that no more than some maximum amount can be collected. The parties may also agree that the reimbursing party post a bond, or pay a certain amount into escrow, or to a trustee so that funds will be readily available. The parties may set time limits for the "hold harmless" claim to be made, and they may decide to agree that if a dispute regarding the "hold harmless" clause arises between them that they will settle the matter through arbitration instead of going to court. In complex situations, such as when a company sells a part of its business, the "hold harmless" provisions can take many pages to set out, since the parties are trying to make an agreement about how to deal with every situation that may possibly arise. Although there are many available examples of language that has been used by others, there is no single form that is in general use, and no formula that is required by law. The parties must each imagine what harm could come to them which, in fairness, should be the responsibility, in whole or in part, of the other, and that analysis forms the basis for negotiating a "hold harmless" clause.


Are kiwis harmless to humans?

Yes, they are completely harmless. They hold no threat for humans.


In the state of Florida if you singned a lease agreement but you are getting a job tranfser can the landlord hold you responsible for the remainder of your lease?

If you signed a lease agreement.He can hold you responsible for the remainder of the lease.Unless you cancel the lease before you transfer.


Is holding urine for 8 hours harmless?

it depends on where you are holding it, if you try to hold it on my face, it's not harmless.


Can you take a car out of the auto pound if you have not change the title in Texas?

Yes ask them for a hold harmless form. Have it notarized and there should be no problems


What is the habbendum clause?

A Habendum Clause is a part of an instrument like a will or deed that defines the extent of the interest that is granted or conveyed and the conditions affecting it. These clauses usually begin with the phrase "To have and to hold." Therefore this clause is also referred to as "to-have-and-to hold clause."


What are the differences in the legal definitions of save harmless hold harmless and indemnify?

There is no substantial difference among the three terms.


Where I can get a hold harmless agreement?

You can obtain a generic Hold Harmless Agreement from many off the shelf Software suites offering legal forms at your local Computer software vendor.


How many syllables does the word leasehold have?

The word leasehold has two syllables. The syllables in the word are lease-hold.


What is a hold harmless agreement?

Also called an "indemnification", this type of agreement protects someone from being sued because of what a third person does to the victim. For example, before I let you clean the floors of my office, you will have to indemnify me (hold me harmless) if you negligently leave a dangerous condition that injures a visitor. The visitor sues me, I invoke indemnification, you pay all my legal bills and any damages awarded by the court.


Where can i find a free hold harmless agreement for repossessing cars?

in the sewer