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The liability release form, also known as the waiver form, contains a legally binding agreement between two parties, stating that one of them (the releasor) promises not to sue the other side (the releasee) for past, current, or future damages, losses, or injuries.
The waiver should: List the names and addresses of the parties. Give the date of the agreement and how long it is in effect for. List the location of the event or activity. Describe the activity or event the customer is going to participate in. List the possible risks and injuries.
As tempting as it may be, you should never write your own liability waiver. Unless you're a fully qualified lawyer with experience in this area, it's likely that you'll omit critical language that puts your business at risk for lawsuits.
To build a waiver of liability: Choose a waiver template. Determine the type of activity or service. State the purpose of the waiver. Identify the risks. Include a title. Include customer information. Include waiver terms. Include a statement of understanding.
A liability waiver form is a legal contract that educates one party about the risks associated with an activity. Once signed, it prevents the participant from opening a lawsuit against the company in the event of damage or loss, effectively shifting responsibility for injuries from the company to the customer.