Indemnification (Rule 81)
What Is an “Indemnification” or “Hold Harmless” Agreement?
An indemnification or hold harmless agreement is an agreement by one person (or entity) to be financially responsible for amounts that another person (or entity) is legally obligated to pay. While waivers and releases of liability are specifically contemplated by The Racing Rules of Sailing, US Sailing has prescribed against hold harmless and indemnification agreements in rule 81 because of the onerous effect such agreements can have on a competitor.
Read a summary analysis of the difference between release of claims and indemnification.
Please click the button below to view a detailed discussion of this topic, including information on language that may be used in liability waivers.