Minnesota Hold Harmless Agreement
This Hold Harmless Agreement (the "Agreement") is made effective as of ______ [insert effective date] by and between ______ [insert name of the party being protected] (the "Indemnitee"), located at ______ [insert Indemnitee’s address], and ______ [insert name of the party agreeing to indemnify] (the "Indemnitor"), located at ______ [insert Indemnitor’s address].
WHEREAS, the parties wish to set forth the terms and conditions upon which the Indemnitor will indemnify and hold harmless the Indemnitee against any and all losses, damages, liabilities, claims, actions, judgments, court costs, and legal or other expenses (collectively, “Claims”) arising directly or indirectly from or related to the operations, services or activities conducted by the Indemnitor or under the Indemnitor’s control.
NOW, THEREFORE, in consideration of the mutual promises contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
- Scope of Indemnification: The Indemnitor agrees to indemnify and hold the Indemnitee, its affiliates, officers, agents, employees, and permitted successors and assigns harmless from any Claims resulting from the negligence, willful misconduct, or any breach of this Agreement by the Indemnitor or the Indemnitor’s agents, employees, contractors or delegates.
- Notice of Claim: The Indemnitee shall notify the Indemnitor in writing within a reasonable period of time after becoming aware of any Claim. Notice under this provision does not waive any right of the Indemnitee that may arise under this Agreement.
- Defense of Claim: In the event of a Claim, the Indemnitor shall have the right to assume the defense thereof, with counsel selected by the Indemnitor and satisfactory to the Indemnitee. The Indemnitee shall have the right to participate in, but not control, the defense of any Claim, at its own expense, with its own counsel.
- Insurance: The Indemnitor agrees to maintain an insurance policy or policies sufficient to cover the obligations and liabilities under this Agreement. Details of the insurance coverage shall be provided to the Indemnitee upon request.
- Duration of Agreement: This Agreement shall remain in effect for the duration of the Indemnitor's operations or activities that are the subject of indemnification under this Agreement or until otherwise terminated by either party with thirty (30) days written notice.
- Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota, without giving effect to any choice or conflict of law provision or rule.
- Entire Agreement: This Agreement, along with any attachments and exhibits, constitutes the entire agreement between the parties regarding the subject matter herein and supersedes all prior and contemporaneous agreements, understandings, negotiations, and discussions, whether oral or written, of the parties.
- Amendment: Any amendment to this Agreement must be in writing and signed by both parties.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.
Indemnitee: ___________________________________
By: ___________________________________________
Title: ________________________________________
Date: _________________________________________
Indemnitor: ___________________________________
By: ___________________________________________
Title: ________________________________________
Date: _________________________________________