Topic

Contracts

Business insurance glossary

A hold harmless agreement protects business owners from being sued when someone suffers damage, bodily injury, or financial loss on business property or while a service is being provided.

Business insurance glossary

In a triple net lease, the tenant pays for building maintenance, property insurance, and property tax in addition to monthly rent.

Business insurance glossary

An indemnity is a commitment by one party in a contract to compensate another party for a loss.

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