Document background
The Hold Harmless Agreement serves as a critical risk management tool in Swiss business relationships, providing a legal framework for allocating and managing potential liabilities between parties. This document is particularly valuable in situations where one party wishes to be protected from potential claims or losses arising from specific activities, transactions, or relationships. Under Swiss law, while parties have significant freedom of contract, certain limitations apply to liability exclusions and indemnification provisions, as governed by the Swiss Code of Obligations. The agreement typically details the scope of protection, procedures for handling claims, and specific obligations of each party, while ensuring compliance with Swiss public policy requirements and mandatory legal provisions. It's commonly used in business transactions, property usage, professional services, and various commercial relationships where clear risk allocation is essential.
