hold harmless clause

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00:55 Aug 24, 2020
English to Czech 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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Summary of translations provided
3slib odškodnění
Pavel Prudký


  

Translations offered


10 days   confidence: Answerer confidence 3/5Answerer confidence 3/5
slib odškodnění


Definition from podnikatel.cz:
Oddíl 2

Slib odškodnění
§ 2890

Slibem odškodnění se slibující zavazuje nahradit příjemci slibu škodu, vznikne-li mu z jeho určitého jednání, o něž ho slibující žádá a k němuž příjemce slibu není povinen.

§ 2891

(1) Závazek slibujícího vzniká doručením prohlášení slibujícího příjemci slibu.

(2) Příjemce slibu uskuteční jednání, o nějž ho slibující žádá, jen zavázal-li se k němu.

§ 2892

Slibující nahradí náklady a veškerou škodu, které příjemci slibu vzniknou v souvislosti s jednáním, o něž jej slibující požádal.

§ 2893

Příjemce slibu učiní včas na účet slibujícího taková opatření, aby rozsah škody byl co nejmenší.

Example sentence(s):
  • Slib odškodnění vyjadřuje závazek slibujícího nahradit vzniklou škodu příjemci slibu. Tato škoda může vzniknout příjemci slibu z určitého jednání, o které ho slibující žádá. Zároveň příjemce slibu není k tomuto jednání zásadně povinen. Vzniklá škoda je závazkem slibujícího. - wikipedie  

Explanation:
...
Pavel Prudký
Native speaker of: Native in CzechCzech
PRO pts in category: 22
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