An individual or organization’s risk of being held liable for personal injury or property damage may be shifted to another party who agrees to accept the risk and who holds liability insurance or sufficient assets to back up the acceptance of the risk. A release agreement guards against a successful lawsuit by the person signing the release; an indemnity agreement, in contrast, ensures that if some other person sues, the indemnifying party will be responsible for handling the claim. WeConservePA guide. 8 pages.
https://library.weconservepa.org/guides/129-Indemnity-Agr...
Year: 2023
Author(s): Andrew M. Loza and Justin Hollinger, Esq.
Organization/Source: WeConservePA (formerly Pennsylvania Land Trust Association)
Topic tags: Reducing Liability and Print Editions of WeConservePA Guides
Related guides: Permits for Events, Hunting, Camping, and Other Uses of Conserved Land, Reducing Liability Associated with Public Access, and Release of Liability Form
The first edition was published in 2014. The guide was subsequently updated in 2023.