This form is used when Payee releases Payor named above, and Payor's officers, directors, agents, employees, personal representatives, agents, contractors, subcontractors, affiliates, and their successors and assigns, from all debts, claims, demands, damages, liabilities, and causes of action of any nature or kind which have arisen or may later arise by reason of any and all damages or injuries to the lands descibed within.
Kentucky General Release For Damage to Lands
Category:
State:
Multi-State
Control #:
US-OG-396
Format:
Word;
Rich Text
Instant download
Description
How to fill out General Release For Damage To Lands?
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FAQ
Yes, a claim should generally be brought within three years from the date of injury or damage; or three years from the date the producer knew (or could reasonably have known) about the claim.
This means liability coverage of $25,000.00 for all claims for bodily injury damages sustained by any one person and not less than $50,000.00 for all bodily injury damages sustained by all persons as a result of an accident, as well as $25,000.00 for all property damage as a result of any one accident.
Statute of Limitations The statute of limitations for product liability actions is one year after the cause of action accrues.
A Hold Harmless Agreement, also known as an indemnity agreement or waiver of liability, is a legal contract between two parties in which one party agrees not to hold the other party liable for injuries, damages, losses, or claims that may arise from a specific activity or transaction.
Section 411.320 - Circumstances under which defendant is liable (1) In any product liability action, a manufacturer shall be liable only for the personal injury, death or property damage that would have occurred if the product had been used in its original, unaltered and unmodified condition.
A limitation of liability clause limits the amount and/or types of damages that may be attributable to a particular party under the contract for that party's future breach or misconduct while performing under the contract.
But even if the waiver's language is unmistakably clear, or meets one of the four alternative measures of validity, it will not be enforced against the parties in every case. Parties in Kentucky cannot waive their right to hold another liable for acts of willful or wanton negligence.
