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  2. Indemnity - Wikipedia

    en.wikipedia.org/wiki/Indemnity

    The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". In contrast, a " guarantee " is an obligation of one party (the guarantor ) to another party to perform the promise of a relevant other party if that other party defaults .

  3. Waiver - Wikipedia

    en.wikipedia.org/wiki/Waiver

    An example of a written waiver is a disclaimer, which becomes a waiver when accepted. When the right to hold a person liable through a lawsuit is waived, the waiver may be called an exculpatory clause , liability waiver , legal release , or hold harmless clause.

  4. Legal doublet - Wikipedia

    en.wikipedia.org/wiki/Legal_doublet

    free and clear; from now and henceforth; full faith and credit [1] furnish and supply [1] goods and chattels; have and hold [1] heirs and successors; high crimes and misdemeanors; hue and cry; indemnify and hold harmless [1] infangthief and outfangthief; joint and several liability; keep and perform [1] kind and nature [1] law and order; legal ...

  5. Escrow - Wikipedia

    en.wikipedia.org/wiki/Escrow

    Not all escrow agreements impose the duties of a legal trustee on the escrow agent, and in many such agreements, escrow agents are held to a mere gross negligence standard and benefit from indemnity and hold harmless provisions. If the escrow agent is licensed by governmental authority, [where?] then much higher legal standards may apply.

  6. Boilerplate clause - Wikipedia

    en.wikipedia.org/wiki/Boilerplate_clause

    The example of permitting assignment under specified circumstances is: An example: The hulls and freight clauses contain a similar "assignment clause" which states that no assignment is binding unless a dated notice of assignment, signed by the assured is endorsed on the policy and the policy is produced before payment of claim or return of ...

  7. Contractual term - Wikipedia

    en.wikipedia.org/wiki/Contractual_term

    Conditions are major provision terms that go to the very root of a contract breach of which means there has been substantial failure to perform a basic element in the agreement. Breach of a condition will entitle the innocent party to terminate the contract. [ 3 ]

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