Contracts & ExecutionQuestion 203 of 690
An indemnification (hold harmless) clause in a construction contract generally:
a.Sets the down payment amount
b.Shifts certain liability or defense obligations from one party to another
c.Establishes the project completion date
d.Determines the contractor's license classification
Explanation
An indemnification clause allocates risk by requiring one party to protect, defend, or reimburse another against specified claims or losses arising from the work.
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