What is contractual liability?
This is liability that you accept by contract. It is often seen in rental contracts as “hold harmless” or “indemnity” provisions. When you sign a rental agreement (you are leasing from someone else), you are often agreeing to hold the lessor harmless or agree to indemify him. When you do this, you are agreeing to reimburse him for damages he suffers as a result of a lawsuit involving bodily injury or property damage to someone as a result of your negligence while you are renting from the lessor.
