Contracts
What is a 'hold harmless' clause in a Delaware real estate contract or lease?
AA clause requiring the buyer to hold the earnest money
BA clause where one party agrees to protect another from liability for certain claims or losses✓ Correct
CA clause holding the property harmless from assessment increases
DA clause requiring the seller to maintain the property until closing
Explanation
A hold harmless (indemnification) clause is a contractual provision where one party (the indemnitor) agrees to protect the other (the indemnitee) from liability for specified claims, damages, or costs.
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