A contract term meaning that one party will not hold the other party responsible. This is usually the context in that a party performs on the contract in a way that might cause damage to the other party, usually unintentional, such as a failure of a service that causes a consequential damage. … [Read more...] about HOLD HARMLESS
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HOLDUP
A robbery, usually at gunpoint. … [Read more...] about HOLDUP
HOLD HARMLESS CLAUSE
A contractual clause where it is agreed that a party will not to hold the other party responsible for losses or damages. See also indemnity clause. … [Read more...] about HOLD HARMLESS CLAUSE
HOLIDAY
A religious festival; a day set apart for commemorating some important event in history; a day of exemption from labor. Webster. A day upon which the usual operations of business are suspended and the courts closed, and, generally, no legal process is served. Legal holiday. A day designated by law as exempt from judicial proceedings, service of process, demand and protest of … [Read more...] about HOLIDAY
HOLD OVER
To stay in possession such as remaining on property after a lease has terminated. … [Read more...] about HOLD OVER