Market Release Of Liability
Market Release of Liability
This Release of Liability ("Release") is made effective as of [Date], by and between [Your Name], located at [Your Company Address], hereinafter referred to as the "Organizer," and [Vendor], located at [Vendor Address], hereinafter referred to as the "Vendor."
WHEREAS, the Vendor desires to participate in [Name Market or Marketplace], organized by the Organizer; and
WHEREAS, the Organizer operates the market/marketplace and wishes to protect themselves from liabilities arising from the Vendor's participation;
NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
I. Assumption of Risk:
The Vendor acknowledges and understands that participating in the market/marketplace involves certain risks, including but not limited to, risks associated with transportation, setup, display of goods, interactions with customers, and other activities related to the operation of a market.
II. Waiver and Release:
The Vendor, on behalf of themselves and their agents, employees, successors, and assigns, hereby releases, waives, and discharges the Organizer, its officers, directors, employees, agents, affiliates, successors, and assigns (collectively, the "Released Parties"), from any claims, demands, damages, actions, or causes of action arising out of or in connection with the Vendor's participation in the market/marketplace.
III. Indemnification:
The Vendor agrees to indemnify, defend, and hold harmless the Released Parties from and against any claims, demands, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or in connection with the Vendor's participation in the market/marketplace, including but not limited to, claims for personal injury, property damage, or breach of contract.
IV. Insurance:
The Vendor agrees to maintain appropriate insurance coverage for their participation in the market/marketplace, including but not limited to, general liability insurance, product liability insurance, and any other insurance deemed necessary by the Organizer.
V. Compliance with Laws:
The Vendor agrees to comply with all applicable laws, regulations, and ordinances while participating in the market/marketplace, including but not limited to, health and safety regulations, zoning laws, and licensing requirements.
VI. No Guarantees:
The Vendor, in agreement and with a clear understanding of the terms set forth, acknowledges that the Organizer does not provide any guarantees about particular outcomes or degrees of success that may arise from the Vendor's active participation in the market/marketplace.
VII. Severability:
If any provision of this Release is determined or declared to be invalid or unenforceable by a court, agency, or other entity of competent jurisdiction, this will not affect the remaining provisions of this Release. The remainder of the provisions will stay intact and continue to be in full force and effect.
VIII. Governing Law:
This Release shall be governed by and construed by the laws of [State], without regard to its conflicts of law principles.
IN WITNESS WHEREOF, the parties have executed this Release as of the date first above written.
Organizer:
[Your Name]
[Date Signed]
Vendor:
[Vendor Name]
[Date Signed]
