Hold Harmless Agreement
This Hold Harmless Agreement is made effective as of [Insert Date], by and between [Insert Name of First Party], hereinafter referred to as "First Party," and [Insert Name of Second Party], hereinafter referred to as "Second Party." This Agreement is governed by the laws of the state of [Insert State Name].
Whereas, the First Party desires to engage in certain activities with the Second Party, and the Second Party agrees to participate in those activities, both parties acknowledge the inherent risks associated with such activities.
Now, therefore, in consideration of the mutual promises contained herein, the parties agree as follows:
- Indemnification: The Second Party agrees to indemnify, defend, and hold harmless the First Party from any and all claims, liabilities, losses, damages, or expenses arising out of or in connection with the activities undertaken.
- Acceptance of Risks: The Second Party acknowledges that participation in the activities may involve risks, and voluntarily assumes all such risks.
- Duration: This Hold Harmless Agreement will remain in effect for the duration of the activities specified, commencing on [Insert Start Date] and concluding on [Insert End Date].
- Governing Law: This Agreement shall be governed by, and construed in accordance with, the laws of the state of [Insert State Name].
This Agreement contains the entire understanding of the parties with respect to the subject matter hereof and supersedes any prior understanding or representation. It may only be modified by a written agreement signed by both parties.
By signing below, both parties agree to the terms and conditions set forth in this Hold Harmless Agreement.
First Party:
Name: _______________________
Signature: ____________________
Date: ________________________
Second Party:
Name: ______________________
Signature: ____________________
Date: ________________________