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An exculpatory clause and a waiver serve similar purposes but are not exactly the same. An exculpatory clause typically releases one party from liability, while a waiver indicates that a person voluntarily relinquishes their right to claim damages. In the context of the Nebraska Waiver and Release From Liability For Minor Child for Deep Sea Fishing Vessel, both can play important roles in protecting providers from liability. Understanding these differences can help you make informed decisions when drafting or signing legal documents.