Release of Liability
RELEASE OF LIABILITY
This Release of Liability (the “Release”) is executed on [Date] by of [Your Company Address] (“Releasor”) in favor of [Releasee Name], their employees, agents, and representatives (collectively, “Releasee”).
1. Acknowledgement and Assumption of Risk
Releasor hereby acknowledges that their participation in [Activity/Event] involves certain risks, including but not limited to [List Potential Risks]. Releasor voluntarily participates in this activity with the full understanding of the potential risks involved.
2. Waiver and Release
In consideration of being permitted to participate in [Activity/Event], Releasor hereby releases, waives, and discharges Releasee from any and all liability, claims, or demands arising out of or related to any loss, damage, injury, or illness incurred. This waiver and release is binding upon Releasor and their successors, heirs, and assigns.
2.1 Indemnity
Releasor agrees to indemnify and hold harmless Releasee from any claims, actions, or damages, including attorneys' fees and costs, arising from or related to the Activity/Event.
3. Governing Law
This Release shall be governed by the laws of [State/Country], and any legal action related to this Release shall occur in [Jurisdiction].
4. Entire Agreement
This Release constitutes the entire agreement between the parties and supersedes any prior agreements or understandings, whether written or oral.
5. Severability
If any provision of this Release is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
6. Signature
IN WITNESS WHEREOF, Releasor has executed this Release as of the day and year first above written.
[Releasor's Name]
[Date Signed]
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