Iowa Hold Harmless Agreement
This Hold Harmless Agreement (hereinafter referred to as the "Agreement") is made and entered into on this ___ day of ___________, 20__, by and between _____________________, hereinafter referred to as the "Promisor", and _____________________, hereinafter referred to as the "Promisee", collectively known as the "Parties". This Agreement shall be governed by and construed in accordance with the laws of the State of Iowa.
Whereas, the Promisor agrees to indemnify and hold the Promisee harmless from and against any and all claims, losses, damages, injuries, fines, penalties, and costs (including legal costs) that may arise out of the Promisor's actions or inactions, except for those resulting from the Promisee's willful misconduct or negligence.
1. Scope of Agreement
This Agreement applies to all activities undertaken by the Promisor that could result in any manner of legal claim against the Promisee, except where such claims arise due to the gross negligence or intentional misconduct of the Promisee.
2. Duration of Agreement
This Agreement shall commence on the date first above written and shall continue in effect until ___________, 20__ or until terminated by either party with thirty (30) days written notice to the other party.
3. Compensation
The Promisor shall not receive any compensation from the Promisee for the services provided under this Agreement.
4. Legal Costs
In the event of any legal proceedings arising from this Agreement or the activities conducted under it, the party found at fault shall bear all legal costs and attorney's fees.
5. Modification of Agreement
No modification or waiver of the terms of this Agreement shall be valid unless in writing and signed by both parties. Any modifications shall be attached hereto and incorporated herein by this reference.
6. Entire Agreement
This Agreement constitutes the entire understanding between the Parties with respect to the subject matter herein and supersedes all previous agreements, understandings, and negotiations, whether written or oral between the parties.
7. Severability
If any term, covenant, condition, or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remainder of the provisions shall remain in full force and effect and shall in no way be affected, impaired, or invalidated.
8. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Iowa, without regard to its conflict of law principles.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.
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Promisor’s Signature
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Promisor’s Printed Name
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Promisee’s Signature
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Promisee’s Printed Name