Basic Release of Liability
BASIC RELEASE OF LIABILITY
I. Parties Involved
This Release of Liability ("Release") is made on this [Date] between:
-
[Your Company Name], a corporation organized and existing under the laws of the state of [Your State], with its principal office located at [Your Address], hereinafter referred to as the "Company", and
-
[Participant's Name], residing at [Your Address], hereinafter referred to as the "Participant".
II. Recitals
WHEREAS, the Participant desires to [describe activity or event], and
WHEREAS, the Company agrees to allow the Participant to participate in [describe activity or event].
III. Assumption of Risk
The Participant understands and acknowledges that [describe risks involved in the activity or event]. The Participant voluntarily assumes all risks associated with participation.
IV. Release and Waiver of Liability
In consideration for being permitted to participate in [describe activity or event], the Participant hereby releases, waives, discharges, and covenants not to sue the Company from all liability to the Participant, his/her personal representatives, assigns, heirs, and next of kin for any and all loss or damage, and any claim or demands therefore on account of injury to the person or property or resulting in death of the Participant arising out of or related to participation in the activity, whether caused by the negligence of the Company or otherwise.
V. Indemnification
The Participant agrees to indemnify and hold harmless the Company from any loss, liability, damage, or costs, including court costs and attorney's fees that may incur due to the Participant's participation in [describe activity or event].
VI. Severability
If any provision of this Release is held to be invalid, illegal, or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not be affected or impaired thereby.
VII. Entire Agreement
This Release constitutes the entire agreement between the parties pertaining to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations, and understandings of the parties.
IN WITNESS WHEREOF, the parties hereto have executed this Release as of the date first above written.
Name: [Your Name]
Company Name: [Your Company Name]
Title: [Your Title]
Date: [Date]
I, the undersigned Participant, have read and voluntarily signed this Release of Liability and understand its terms.
Printed Name: [Participant's Name]
Date: [Date]
