A Release of Liability Form, also known as a Waiver of Liability Agreement, is a legal document that is signed by two parties: the releasor, who promises not to sue, and the releasee, who is potentially liable. By signing this waiver form, the releasor acknowledges that he or she is aware of the risks and claims involved and that he or she agrees not to sue the Releasee for any past or future injuries or damages. When an accident, such as a car accident or property damage, has already occurred, this form can be used instead. Rather than wasting money on a costly lawsuit, both parties agree to settle their differences outside of court.

10+ Release of Liability Agreement Samples

A Release of Liability is a contract between two people in which they agree to waive a legal claim. You agree not to pursue legal action in exchange for compensation when you waive a claim. Simply put, it is a method of resolving a dispute without going to court. A liability release is a legal document that can be used to waive a claim for damages that have already occurred, such as after a car accident. It can also be used to waive any future injury or property damage claims. Before participating in any physical or high-risk activity, you may be asked to sign a waiver form.

1. Release of Liability Agreement Template

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2. University Campus Release of Liability Agreement

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3. Release and Waiver of Liability Agreement

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4. Sample Release of Liability Agreement

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5. Liability Release and Assumption of Risk Agreement

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6. Release of Liability and Indemnity Agreement

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7. Printable Release of Liability Agreement

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8. Volunteer Release of Liability and Confidentiality Agreement

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9. International Travel Release of Liability Agreement

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10. Editable Release of Liability Agreement

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11. Release of Liability Legal Rights Agreement

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What is a Release of Liability Used For?

A Release of Liability is a document that releases a party from liability in the event of an accident or other incident that results in injuries or property damage.

A release form can be used to do the following things:

  • In the event of a car accident in which you are at fault, compensate the other driver to absolve yourself of liability.
  • Allow a contractor to be released from liability if they cause damage to your property while performing a service like landscaping or roofing.
  • If there is a disagreement about the amount owed or another aspect of the loan contract, settle the debt.
  • In the event of a disagreement over who is to blame for injuries or damages, you and the other party are both released from liability (mutual release)
  • Release your company from any future claims for personal injuries sustained by participants in an athletic event or other potentially hazardous activity.

What should be included in a liability release form?

The following information should be included on a general release form:

  • Liability release types
  • Names and contact information for the releasee and the release or
  • Details about the squabble or incident that occurred (or in the case of an activity waiver, details about the activity that will be taking place)
  • Details on compensation, including the amount and type of compensation

FAQs

What are the basic elements of a liability release form?

  • Releasor: a person who agrees not to sue or take any legal action against the event or activity’s owner or organizer.
  • Releasee: the event or activity’s owner or organizer who is at risk of being sued.
    The agreement’s effective date is the date on which it goes into effect.
  • Event: a description of an upcoming event, activity, or circumstance
  • Money, promised (in)action or something of legal value given in exchange for signing the document is referred to as consideration.
  • Governing Law: Any disputes will be settled according to the laws of one state.

What are the related documents of a release of liability?

  • An indemnity agreement is a contract in which one party compensates another for the actions of a third party.
  • The terms of repayment between a lender and a borrower are spelled out in a promissory note.
  • A demand letter is a letter that is used to ask for payment or action from another party.
  • Guarantee: This allows an individual or a company to assume responsibility for another party’s debts or obligations.

If you want to see more samples and formats, check out some release of liability agreement samples and templates provided in the article for your reference.

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