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The Hold Harmless Form (Real Estate) is a critical risk management tool in Philippine real estate transactions, designed to protect parties from potential legal liabilities and claims. This document is commonly used in situations where property-related activities carry inherent risks, such as during property inspections, renovations, or when granting access to premises. It must comply with Philippine law, including the Civil Code of the Philippines, the Property Registration Decree (PD 1529), and relevant real estate regulations. The agreement typically specifies the scope of indemnification, the parties involved, and the specific circumstances under which the protection applies. It's particularly important in the Philippine context where real estate transactions often involve multiple stakeholders and complex liability considerations.

1. Parties: Identifies and defines the Indemnitor (party providing the indemnification) and Indemnitee (party being protected), including their complete legal names and addresses

2. Background: Explains the context of the agreement, including brief description of the real estate transaction or relationship between the parties that necessitates this hold harmless agreement

3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Liability', 'Claims', 'Losses', and other relevant terms

4. Scope of Indemnification: Clearly outlines what activities, circumstances, or situations are covered by the hold harmless provision

5. Indemnification Terms: Details the specific obligations of the Indemnitor, including the types of claims, damages, and losses they agree to protect against

6. Duration: Specifies how long the hold harmless agreement remains in effect

7. Notice Requirements: Outlines how and when parties must notify each other of any claims or potential claims

8. Governing Law: Specifies that Philippine law governs the agreement and identifies the jurisdiction for dispute resolution

9. Execution: Includes signature blocks, notarization requirements, and execution date