Document background
The Hold Harmless Letter is a crucial risk management tool in Belgian business operations, particularly when parties need to allocate risk in specific activities or transactions. This document, governed by Belgian civil law, provides legal protection by establishing clear indemnification obligations between parties. It's commonly used in situations where one party wishes to shield another from potential legal claims, damages, or losses arising from specific activities or circumstances. The letter must comply with Belgian Civil Code requirements regarding contractual obligations and liability provisions, making it essential to clearly define the scope of protection, covered activities, and any limitations. It's particularly valuable in business relationships where risk allocation needs to be formally documented and agreed upon.
