A release of liability or waiver is a legal document wherein one party agrees to hold another harmless of any liability for a specific activity or event. This is commonly used to protect against legal claims by an affected party related to an injury, financial loss, or other damages.
A release of liability or waiver is a legal document wherein one party agrees to hold another harmless of any liability for a specific activity or event. This is commonly used to protect against legal claims by an affected party related to an injury, financial loss, or other damages.
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A release of liability or waiver is a legal document wherein one party agrees to hold another harmless of any liability for a specific activity or event. This is commonly used to protect against legal claims by an affected party related to an injury, financial loss, or other damages.
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A release of liability form ensures that the person who signs it does not attempt to seek compensation through legal action if they suffer any sort of personal or monetary loss.
Also known as a liability waiver or hold harmless agreement, it’s common for this document to be implemented when two parties are entering into a situation with a level of legal, financial, or medical risk.
In addition to releasing individuals from liability, there are forms that simply demand the release of information, such as medical records or school records. There are also other applications for release forms, including requesting a vehicle be returned to the owner, releasing a roommate from a residential lease, or releasing a lien on a property.
RELEASE OF LIABILITY (WAIVER) FORM
1. THE PARTIES. This Release of Liability (“Release”) is made on [DATE] between:
Party Releasing Liability: [RELEASOR’S NAME] (“Releasor”) hereby releases:
Party Being Released: [RELEASEE’S NAME] (“Releasee”).
2. RELEASE. The Releasor agrees to hold the Releasee harmless against any and all future claims for the following: [DESCRIBE ACTIVITY BEING RELEASED] .
Hereinafter the “Released Activity.”
a.) Compensation. In connection with this Release, there is: (check one)
☐ – Payment Required. A payment of $ [AMOUNT] is required to be paid by the Releasee to the Releasor as a condition of this Release.
☐ – Other: [DESCRIBE OTHER COMPENSATION] .
3. WAIVER OF CLAIMS. By signing this Release, both parties, including their families, heirs, employees, contractors, agents, and successors, agree to irrevocably release each other from any past, present, or future claims or liabilities without admitting any wrongdoing related to the Released Activity. This waiver settles all disputes related to any potential injuries or damages and is considered legally binding upon its execution and prevents any further claims by any parties or their successors.
4. GOVERNING LAW. This Release shall be governed under the laws in the State where the Released Activity occurs.
In witness whereof, the Releasor and Releasee authorize this Release on the date indicated below, acknowledging agreement to the terms and conditions of this Release.
Releasor’s Signature: ____________________________ Date: _____________
Print Name: ____________________________
Releasee’s Signature: ____________________________ Date: _____________
Print Name: ____________________________
