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A release of liability, also known as a liability waiver or a hold harmless agreement, is a contract in which one party agrees not to hold another party liable for damages or injury. These contracts are common in fields that involve some risk to property, finances, or health.
The Limits of a Release of Liability Waiver Release of liability waivers cover only ordinary negligence. If a business commits gross negligence or intentional harm, the release of liability waiver is no longer applicable. The difference between ordinary and gross negligence can be a fine line.
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.
This includes the: Name and contact information of the gym. Names of the people who will sign the waiver. Date of when the waiver was signed. Statement that says the signer understands that there may be risks involved in engaging in activities at the gym and that they waive their right to sue in case of injury.
Elements of a Liability waiver The liability waiver should contain a descriptive title. It should also include the business contact information and that of the participant, which is left out for filling on the actual date of the event. The prints should be large enough to be read easily by the participant.