A Comparison of Indemnity and Hold Harmless Provisions in Contracts – By Dale Alberstone, Esq.
Confusion abounds concerning the differences between the words indemnity and hold harmless as they appear in contracts. For example, in a buy sell agreement in which the purchaser buys a newly constructed apartment building directly from the owner/contractor who built it, the contract might provide: Seller agrees to indemnify and hold buyer harmless from all…