Once a risk has been transferred through a hold-harmless agreement the transferor is free from liability for the risks transferred.

Question

Quizplus · Accepted Answer

A hold-harmless agreement transfers the risk but does not necessarily free the transferor from all liability. The effectiveness of the agreement depends on the jurisdiction, the specific wording of the agreement, and the nature of the risk transferred. There may still be circumstances under which the transferor can be found liable.

Once a Risk Has Been Transferred Through a Hold-Harmless Agreement