This Mississippi Hold Harmless Agreement ("Agreement") is made effective as of ________ [Date], by and between ________ [Releasor Name], located at ________ [Releasor Address], hereinafter referred to as "Releasor," and ________ [Releasee Name], located at ________ [Releasee Address], hereinafter referred to as "Releasee".
WHEREAS, the Releasor and the Releasee desire to enter into an agreement whereby the Releasor will indemnify and hold harmless the Releasee from any claims, damages, losses, liabilities, and expenses arising out of or in connection with ________ [Description of Activity or Situation], pursuant to the laws of the State of Mississippi.
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
- Hold Harmless. Releasor agrees to indemnify, defend, and hold harmless the Releasee from and against any and all losses, claims, damages, liabilities, costs, and expenses (including, but not limited to, reasonable attorney's fees) arising from or related to the ________ [Description of Activity or Situation], regardless of any negligence or fault of the Releasee, to the fullest extent permitted by law.
- Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Mississippi, without regard to its conflict of laws principles.
- Dispute Resolution. Any disputes arising under or in connection with this Agreement shall be resolved through mediation, and, if necessary, legally binding arbitration, in accordance with the laws of the State of Mississippi. The parties agree to share equally in the costs of the mediation or arbitration process.
- Severability. If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
- Entire Agreement. This Agreement contains the entire understanding between the parties and supersedes any prior understandings and agreements among them regarding the subject matter. No other agreement, statement, or promise made on or before the effective date of this Agreement will be binding on the parties.
- Amendments. This Agreement may only be amended, modified, or supplemented by an agreement in writing signed by both parties herein.
- Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, legal representatives, successors and assigns where permitted by this Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Mississippi Hold Harmless Agreement as of the date first above written.
Releasor: ______________________________________
Signature: ______________________________________
Date: ___________________________________________
Releasee: ______________________________________
Signature: ______________________________________
Date: ___________________________________________