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Definitions from WordNet

Definitions from the Web

Contract of Hazard

A contract of hazard refers to an agreement or a contractual arrangement that involves taking on a risk or potential danger. It is a legal contract between two or more parties where one or all parties agree to assume a specified hazard or peril.

Usage Examples:

1. As a Noun:
   • The insurance policy included a contract of hazard for potential earthquake damage.
   • In their joint venture, they entered into a contract of hazard where both partners shared the risk equally.
2. As a Verb:
   • The two business partners decided to contract of hazard their personal assets to secure a loan for their startup.
   • She willingly chose to contract of hazard her reputation by endorsing that controversial product.

To learn more about contracts of hazard, you can explore related products on Amazon:

• Insurance Contracts
• Risk Management