Hold Harmless

Business, Legal & Accounting Glossary

Definition: Hold Harmless


Quick Summary of Hold Harmless


In a contract, a promise by one party not to hold the other party responsible if the other party carries out the contract in a way that causes damage to the first party. For example, many leases include a hold harmless clause in which the tenant agrees not to sue the landlord if the tenant is injured due to the landlord’s failure to maintain the premises. In most states, these clauses are illegal in residential tenancies, but may be upheld in commercial settings.




What is the dictionary definition of Hold Harmless?

Dictionary Definition


n. a promise to pay any costs or claims which may result from an agreement. Quite often this is part of a settlement agreement, in which one party is concerned that there might be unknown lawsuits or claims stemming from the situation, so the other party agrees to cover them.


Cite Term


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Page URL
https://payrollheaven.com/define/hold-harmless/
Modern Language Association (MLA):
Hold Harmless. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 27, 2021 https://payrollheaven.com/define/hold-harmless/.
Chicago Manual of Style (CMS):
Hold Harmless. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/hold-harmless/ (accessed: September 27, 2021).
American Psychological Association (APA):
Hold Harmless. PayrollHeaven.com. Retrieved September 27, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/hold-harmless/

Definition Sources


Definitions for Hold Harmless are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 1 Views.