North Dakota Hold Harmless Agreement
This Hold Harmless Agreement (hereinafter referred to as the "Agreement") is entered into by and between _____________________ (hereinafter referred to as the "Indemnifier") and _____________________ (hereinafter referred to as the "Indemnitee"), collectively referred to as the "Parties," on this ____ day of _____________________, 20____. The purpose of this Agreement is to set forth the terms and conditions under which the Indemnifier shall agree to indemnify and hold harmless the Indemnitee against certain specified losses, damages, liabilities, claims, and expenses.
Whereas, the Parties wish to enter into this Agreement in accordance with the laws of the State of North Dakota, including, but not limited to, any relevant statutes, regulations, and case law that may apply to the subject matter of this Agreement.
Therefore, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
- Definitions. For purposes of this Agreement, the terms below shall have the following meanings:
- "Claim" shall refer to any demand, claim, action, proceeding, or lawsuit.
- "Loss" shall refer to all damages, liabilities, costs, charges, expenses, obligations, demands, claims, and judgments, including reasonable attorneys' fees and costs.
- Hold Harmless. The Indemnifier agrees to hold harmless and indemnify the Indemnitee, its officers, agents, and employees from and against any and all Losses arising out of or resulting directly or indirectly from _____________________ (describe the event or activity leading to the Loss), except for Losses arising out of the gross negligence or intentional misconduct of the Indemnitee.
- Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of North Dakota.
- Severability. If any provision of this Agreement is found to be invalid or unenforceable by a court of competent jurisdiction, such provision shall be modified to the minimum extent necessary to make it valid and enforceable, and the remaining provisions of this Agreement shall remain in full force and effect.
- Entire Agreement. This Agreement constitutes the entire agreement between the Parties concerning the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, concerning such subject matter.
- Amendments. No amendment, modification, or supplement to this Agreement shall be binding unless it is in writing and signed by both Parties.
- Term and Termination. This Agreement shall commence on the effective date noted above and shall remain in full force and effect until terminated by either Party upon ____ days written notice to the other Party.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the first date above written.
Indemnifier:
Signature: _________________________
Print Name: ________________________
Date: _____________________________
Indemnitee:
Signature: _________________________
Print Name: ________________________
Date: _____________________________