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14 Beautiful Mutual Hold Harmless Agreement
. imhh introduction & background the primary objective of the industry mutual hold harmless deed imhh is to address the contractual gap that traditionally exists between contractors working on the ukcs with regard to the allocation of liability what is a hold harmless agreement uk insurance from the purpose of a hold harmless agreement in a contract between two parties is to release one or both parties from liabilities that may arise under and during the contract that would otherwise fall upon them but for the absence of that agreement hold harmless clause investopedia a hold harmless clause is a statement in a legal contract stating that an individual or organization is not liable for any injuries or damages caused to the individual signing the contract mutual release and hold harmless agreement agreement of berlan r berlan r hereby agrees to release gtrex from any and all claims he may have against gtrex including any liabilities owed by gtrex to berlan r claims for services back pay notes damages civil penalties etc berlan r further agrees to hold gtrex harmless with regard to any and all actions on its behalf as hold harmless clauses are not always mutual itic itic provides an insurance contract review service to all of its members as the leading professional indemnity insurer for the offshore and hydrographic sector we are often asked to review contracts which contain a mutual hold harmless or knock for knock clause