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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

    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. In some cases, parties may sign a "non-waiver" contract which specifies that no rights are waived, particularly if a person's actions may suggest that rights are being waived.

  4. Harmless - Wikipedia

    en.wikipedia.org/wiki/Harmless

    Download as PDF; Printable version; ... Harmlessness or harmless may also refer to: Legal. Hold harmless, legal term in the contract law concept of indemnity;

  5. Contractual term - Wikipedia

    en.wikipedia.org/wiki/Contractual_term

    It is merely an agreement to agree lacking the requisite intention to create legal relations, and the deal will only be binding unless and until the formalized contract has been drawn up. Subsequent authorities have been willing to recognize a fourth category in addition to those stated in Masters v Cameron .

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  7. 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.

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