Two Way Hold Harmless Agreement

October 12, 2021  |  Uncategorized  |  Share

The blocking clause is a statement in a legal contract that releases, in a contract, one or both parties from legal liability in the event of a breach or damage suffered by the party signing the contract. Whether the document is separate or included in a material contract, a provision means that one party considers the other to be secure, essentially one party is taking on the risk associated with the transaction. This clause is also referred to as the “Hold Harmless” provision. Harmless agreements are often valid, but validity also depends on the laws of your state, the nature of the business to be protected, and what is contained in the agreement. .