Clause or term of a contract in which one party promises not to hold the other party responsible if the other party carries out the contract in a way that causes damage to the original party.
A clause frequently found in managed care contracts, whereby the HMO and the physician agree not to hold each other liable for malpractice or corporate malfeasance if either of the parties is found to be liable. It may also refer to language that prohibits the provider from billing patients in the event a managed care company becomes insolvent.
To agree to defend or pay claims that might arise against someone else.
A phrase used in contract law to signify a commitment by one party to make good or repay another party in the even of a specified loss.
A physician or other health-care provider who contracts with us cannot bill the member directly for more than the amount agreed upon if the physician has a "hold harmless" provision in his/her contract. For instance, a physician may bill us $100 for an office visit. However, if we agreed to pay $75 for the office visit based on our contract with the physician, under the "hold harmless" provision, the physician cannot bill the member the difference of $25. Nonparticipating physicians have no "hold harmless" agreement with us and may charge members for balances we do not pay. (See balance bill.)
An agreement where one party agrees to release another party from any legal liability that may occur as the result of a specific event.
A clause sometimes included in a managed care contract which protects the MCO from all costs related to patient claims of injury, regardless of potential malpractice, negligence, or policies of the MCO.
A phrase used to describe an agreement by which one person agrees to assume full liability for an obligation and protect another from any loss or expense from that obligation.
To relieve one party in an agreement of responsibility.
provision in legislation or a contract whereby a district takes legal responsibilities for services performed by employees as part of their job duties.
A clause frequently found in managed care contracts, whereby the HMO and the physician hold each other to be not liable for malpractice or corporate malfeasance if either of the parties is found to be liable. BNR Incurred But Not Reported claims. Accounting term to represent an appraisal of potential liabilities resulting from the delivery of services that have not been reported as of the time of the report.
An executed agreement that an agency, organization or individual is not responsible for damages caused by error or dispute regarding a piece of property.
In a contract, a promise by one party not to hold the other party responsible if the other party carries out the contract in a way that causes damage to the first party.
A clause frequently found in managed care contracts, whereby the HMO and the physician hold each other not liable for malpractice or corporate malfeasance if either of the parties is found to be liable. This language does not preclude a managed care company from being sued if one of its physicians is sued. It also may prohibit the provider from billing patients if the managed care company becomes insolvent.
Of, relating to, or being an agreement between parties in which one assumes the potential liability for injury that may arise from a situation and thus relieves the other of liability (e.g.: a hold harmless agreement/a hold harmless clause).
This is an important clause, which says, in effect, that if there is an accident on the property during the occupancy period then the owner will not be liable for damages.