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  2. A sidetrack agreement is an agreement between a railroad company and a property owner whose property is used as part of the company's railroad track. This agreement minimizes a portion of the railroad company's liability.
    www.insuranceopedia.com/definition/4191/sidetrac…
    An agreement between a railroad company and the owner of a property on which a rail sidetrack is built. The owner agrees not to sue the railroad for covered accidents that might occur on the owner's property. It is also simply called a sidetrack agreement.
    financial-dictionary.thefreedictionary.com/Sidetrack…
     
  3. People also ask
    What is a railroad sidetrack agreement?Local governments enter into sidetrack agreements to provide necessary railroad services to cities and towns. Governments and railroad companies use sidetrack agreements to record ownership of assets, financial aspects of the agreement, and maintenance and other property management responsibilities.
    What are the provisions in a sidetrack agreement?The provisions in a sidetrack agreement limit the liability of the railroad company. Under a sidetrack agreement, a property owner agrees not to sue the railroad company for accidents, physical harm or property damage related to the sidetrack.
    What is a railroad sidetrack?The “sidetrack” refers to an expanse of railroad track that runs through the property owner’s land. Liability insurance protects the assets of a company, such as a railroad company, by paying insurance claims and legal expenses. The provisions in a sidetrack agreement limit the liability of the railroad company.
    What is a sidetrack liability agreement?This agreement plays a key role in determining liability for accidents on the sidetrack. A sidetrack is a rail line that branches off a railroad's main line. It's different from a siding, which is a stretch of track that runs parallel to the main line and is used to park cars or allow trains to pass each other on the same track.
     
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