Property Damage Waiver
Property Damage Waiver
I. Introduction
This Property Damage Waiver Agreement ("Agreement") is entered into by and between [YOUR NAME], hereinafter referred to as the "Releasor," and [YOUR COMPANY NAME], hereinafter referred to as the "Releasee." This Agreement waives and releases all claims against the Releasee related to property damage potentially incurred by the Releasor during the usage of facilities or equipment provided or owned by the Releasee.
II. Acknowledgment
By signing this Agreement, the Releasor acknowledges that participation in the activities and use of facilities and equipment may involve property damage. The Releasor affirms that the decision to partake in these activities is voluntary and informed.
III. Scope of Waiver
The Releasor hereby releases, waives, discharges, and covenants not to sue [YOUR COMPANY NAME], for any and all liability from any and all claims arising from damages to personal property while the Releasor is participating in activities or using facilities and equipment provided by the Releasee.
IV. Risks
The Releasor understands that the activities may involve inherent risks, including but not limited to physical injury, loss, or damage to personal property. By signing this agreement, the Releasor fully assumes the risks of participation and property use.
V. Compensation
No compensation will be paid for any claim of damage or loss to the property of the Releasor as a result of activities under this Agreement, unless such damage or loss was due to the gross negligence or willful misconduct of [YOUR COMPANY NAME].
VI. Legal Considerations
This Waiver and all terms hereof are governed by and construed in accordance with the laws of the state in which [YOUR COMPANY NAME] is located, without regard to its conflict of law principles.
VII. Signatures
Both parties affirm that they have read this Property Damage Waiver Agreement, that they understand its terms, and that they acknowledge it is a release of liability. This document, signed by both parties, has been executed on the respective dates entered below:
Date: ________________
Representative Name: [Representative Name]
Date: ________________
