Document background
The Contractor Hold Harmless Agreement is a crucial legal instrument used in Swiss business operations to protect companies from potential liabilities arising from contractor activities. This document is essential when engaging external contractors for projects or services where risk allocation needs to be clearly defined and documented. The agreement, governed by Swiss law, particularly the Swiss Code of Obligations, establishes the contractor's obligation to indemnify the principal company against claims, damages, or losses resulting from the contractor's work. It typically includes specific provisions for insurance requirements, scope of indemnification, and compliance with Swiss regulatory standards. The document is particularly important in high-risk industries or complex projects where clear delineation of responsibilities and liabilities is essential for risk management.
