Indemnity Waiver Format
Indemnity Waiver
This Indemnity Waiver (the "Waiver") is entered into as of the [Date] by and between [Your Company Name], located at [Your Company Address] (hereinafter referred to as the "Issuer"), and [Participant's Name], residing at [Participant's Address] (hereinafter referred to as the "Participant"), in connection with participation in [Description of Activity/Event].
I. Voluntary Participation
The Participant acknowledges and confirms that participation in the [Specified Activity/Event] is entirely voluntary. The Participant has been informed of the potential risks associated with this activity, which may include, but are not limited to:
-
Physical Injuries: Strains, sprains, or fractures that may occur due to physical exertion or accidents.
-
Health-Related Risks: Dehydration, exhaustion, or exacerbation of existing health conditions.
-
Environmental Risks: Exposure to weather conditions, uneven terrain, or other environmental factors that could contribute to injury.
The Participant agrees to assume these and any other risks associated with participation in the [Activity/Event].
II. Release of Liability
In consideration of being permitted to participate in the [Activity/Event], the Participant hereby releases, waives, discharges, and covenants not to sue [Your Company Name], its officers, directors, employees, agents, and representatives from any liability, claims, demands, actions, and causes of action related to any loss, damage, or injury, including death, sustained by the Participant or damage to the Participant’s property arising out of or related to the participation.
III. Assumption of Risk
The Participant fully understands and willingly assumes all risks, whether foreseeable or unforeseeable, related to the [Activity/Event], including any resulting from the Issuer's negligence. By signing below, the Participant accepts personal responsibility for any damages, injuries, or losses incurred.
IV. Indemnification
The Participant agrees to indemnify, defend, and hold harmless [Your Company Name], along with its officers, directors, employees, agents, and representatives, from and against any claims, liabilities, damages, costs, and expenses, including reasonable attorney's fees, that may arise from the Participant's actions or participation in the [Activity/Event].
V. Severability
If any provision of this Waiver is invalid, illegal, or unenforceable, the rest will remain effective as if the invalid part were not included.
VI. Acknowledgment and Signature
By signing below, the Participant acknowledges that they have thoroughly read this Waiver, fully understand its contents, and voluntarily agree to its terms and conditions. The Participant affirms they are of legal age and competent to sign this Waiver or, if underage, have received parental or legal guardian consent.
Issuer's Signature: |
Participant’s Signature: |
[Your Name] Issuer [Date Signed] |
[Participant’s Name] Participant [Date Signed] |
Consent of Parent/Guardian: (if applicable)
If the participant is under 18, the parent or guardian consents to their participation and agrees to the waiver's terms.
[Parent/Guardian's Name]