Free Hold Harmless Agreement

This Hold Harmless Agreement ("Agreement") is entered into on this 1st day of March 2055, by and between [YOUR NAME] and/or [YOUR COMPANY NAME], whose principal place of business is located at [YOUR COMPANY ADDRESS] (hereinafter referred to as "Indemnitor"), and MultiCorp, whose principal place of business is located at Detroit, MI 48201 (hereinafter referred to as "Indemnitee").

WHEREAS, the Indemnitee has agreed to permit the Indemnitor to engage in certain activities as described below on property or concerning services or events controlled by the Indemnitee; and

WHEREAS, the Indemnitor has agreed to indemnify, defend, and hold harmless the Indemnitee from all claims, liabilities, damages, or costs that may arise from the Indemnitor’s actions concerning the activities described below;

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties agree as follows:

I. HOLD HARMLESS PROVISION

The Indemnitor agrees to indemnify, defend, and hold harmless the Indemnitee, its employees, agents, officers, directors, and affiliates from and against all claims, losses, damages, liabilities, costs, and expenses, including but not limited to attorney’s fees, arising out of or related to the following activities (hereinafter referred to as "Activities"):

• Participation in [YOUR COMPANY NAME] business operations involving consultation, product delivery, and service implementation on the premises of MultiCorp.

• Engagement in business-related activities involving the installation, repair, or service of equipment or technology at the request of MultiCorp.

This indemnification extends to any act, omission, or negligence by the Indemnitor, its employees, agents, contractors, or other parties acting on behalf of the Indemnitor.

II. ASSUMPTION OF RISK

The Indemnitor acknowledges and understands that participation in the Activities involves risks, both known and unknown, which may result in injury, damage, or other losses. The Indemnitor voluntarily assumes full responsibility for any risks, injuries, or damages that may occur as a result of participation in the Activities.

III. WAIVER OF LIABILITY

The Indemnitor hereby releases and discharges the Indemnitee from any liability for any injuries, damages, or losses arising out of the Activities, including those resulting from the Indemnitee's negligence, except where such liability arises from the Indemnitee’s willful misconduct or gross negligence.

IV. NO ADMISSION OF LIABILITY

Nothing in this Agreement shall be construed as an admission of liability by the Indemnitee. The Indemnitee expressly denies any liability and enters into this Agreement solely to prevent potential future claims and disputes.

V. INSURANCE

The Indemnitor agrees to maintain adequate insurance coverage, including but not limited to general liability and property damage insurance, in amounts reasonably acceptable to the Indemnitee, to cover any potential liability arising from the Activities.

VI. TERM AND TERMINATION

This Agreement shall commence on the date first above written and shall continue in effect until the completion of the Activities or until terminated by either party with 30 days written notice to the other party.

VII. GOVERNING LAW

This Agreement shall be governed by and construed by the laws of the State of Michigan, without regard to its conflict of laws provisions.

VIII. SEVERABILITY

If any provision of this Agreement is found to be invalid or unenforceable, the remainder of this Agreement shall not be affected and shall remain in full force and effect.

IX. ENTIRE AGREEMENT

This Agreement contains the entire understanding between the parties concerning the subject matter hereof and supersedes all prior discussions, agreements, or understandings of any kind, whether written or oral. No modification of this Agreement shall be effective unless in writing and signed by both parties.

X. SIGNATURES

IN WITNESS THEREOF, the participant has executed this release on the date first written above.

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