Document background
The Hold Harmless Agreement serves as a critical risk management tool in Irish business transactions and operations. It is typically employed when one party needs to protect itself from potential claims, losses, or liabilities arising from specific activities, services, or circumstances. The document is particularly relevant in situations involving property use, service provision, construction projects, or any scenario where risk transfer is necessary. Under Irish law, these agreements must be carefully drafted to ensure enforceability, taking into account both statutory requirements and common law principles. The agreement includes essential elements such as the scope of indemnification, notice requirements, insurance obligations, and claim handling procedures. It's commonly used in commercial relationships where clear risk allocation is necessary for business operations.
