Contracts
In Oregon, what is a 'hold harmless' clause in a real estate contract?
AA clause requiring the buyer to assume the seller's mortgage
BA provision in which one party agrees not to hold the other liable for certain damages or losses✓ Correct
CA clause allowing the broker to hold earnest money indefinitely
DA provision preventing either party from filing a lawsuit
Explanation
A hold harmless (indemnification) clause is a contractual provision where one party agrees to protect the other from liability for specified claims, losses, or damages. In Oregon real estate, these appear in listing agreements, property management agreements, and purchase contracts to allocate risk between parties.
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