Document background
The Indemnification and Hold Harmless Affidavit is commonly used in situations where one party needs to formally declare responsibility for potential risks while protecting another party from liability. This document is particularly relevant in business transactions, property transfers, or professional services where risk allocation is crucial. It must be properly executed according to U.S. state and federal requirements, including notarization. The affidavit typically includes specific details about the scope of indemnification, the parties involved, and any limitations or exclusions to the indemnification provisions.
