hold harmless clause

Ukrainian translation: пункт про звільнення від відповідальності

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00:55 Aug 24, 2020

English to Ukrainian translations [PRO]
Bus/Financial - Economics
Additional field(s): Business/Commerce (general), Economics, Finance (general), Investment / Securities, Law: Contract(s)

English term or phrase: hold harmless clause

Definition from Investopedia:
The hold harmless clause is a statement in a legal contract that absolves one or both parties in a contract of legal liability for any injuries or damage suffered by the party signing the contract. A business may add a hold harmless agreement to a contract when the service being retained involves risks that the business does not want to be held responsible for legally or financially.

Example sentence(s):

It would be simple to attach a hold harmless clause to anything one does, but the clause can only be enforced if the company or individual gives a fair assessment of the risk involved and all parties are aware and prepared. These concepts should be made explicit with detailed language. UpCounsel
Having said that, some insurers in the marketplace acknowledge the fact that indemnity and hold harmless clauses are common negotiating tools in commercial contracts and so, notwithstanding the fact that such clauses have the effect of waiving some or all of the insurer’s subrogation rights, specifically provide by way of an extension that such clauses will not prejudice the insured’s claim under the policy. CRM Brokers
According to a recent insurance company publication, "when hiring independent contractors, it has always been important for community associations to obtain hold harmless clauses in contracts. These clauses can protect the association's interests against allegations that the contractor failed to properly provide services." Washington Post

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Question posted on behalf of translation team:

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Ukrainian translation:пункт про звільнення від відповідальності

Definition:
або положення
напр.: Зобов’язання та звільнення від відповідальності

Selected response from:

Vladyslav Golovaty
Ukraine

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4 KudoZ points were awarded for this answer

Summary of translations provided

3 +2

пункт про звільнення від відповідальності

Vladyslav Golovaty

Translations offered

9 hrs confidence:

peer agreement (net): +2

пункт про звільнення від відповідальності

Definition from unba.org.ua:
або положення
напр.: Зобов’язання та звільнення від відповідальності

Example sentence(s):

наслідки настання підстав для звільнення від відповідальності. - uteka.ua

Vladyslav Golovaty
Ukraine
Local time: 09:52
Native speaker of:

English,

Russian
PRO pts in category: 40

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hold harmless clause

Ukrainian translation: пункт про звільнення від відповідальності

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hold harmless clause

Ukrainian translation: пункт про звільнення від відповідальності

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