What does hold harmless mean in a divorce decree?
What does hold harmless mean in a divorce decree?
When you agree to hold your ex-spouse harmless you are agreeing to protect them from their possible liability for these debts. It means that if you fail to pay the debts that were assigned to you and the creditor comes after your ex-spouse, they can go to court to enforce the divorce decree.
Do hold harmless agreements hold up in court?
Broad Form Hold Harmless The indemnitor (property manager) has assumed all liability of the indemnitee (painting contractor), even in situations where the indemnitee is solely negligent in causing injury or damage to a third party. These generally don’t hold up in court.
What is hold harmless clause?
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.
What is an MSA in divorce?
The mediated settlement agreement (MSA) is exactly what it sounds like. It is an agreement reached through the process of mediation by both spouses. The agreement may addressing issues of suit before the court, including property division, spousal maintenance, child support, child custody, and more.
