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A limitation of liability provision typically contains two parts: a waiver of damages and a liability cap. The waiver of damages clause typically limits a party's exposure only to direct damages (i.e., damages suffered by a party that naturally result from the breach of the other party).
In New Mexico, you have 3 years to file a personal injury claim and 4 years to file a property damage claim. The clock on these time limits starts from the time you sustained your injury or when a reasonable person would have discovered the injury or property damage.
38 U.S. Code § 7634 - Breach of agreement; waiver of liability | U.S. Code | US Law | LII / Legal Information Institute.
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.
I AM VOLUNTARILY PARTICIPATING IN THESE ACTIVITIES WITH KNOWLEDGE OF THE DANGER INVOLVED, AND AGREE TO ASSUME ANY AND ALL RISKS OF BODILY INJURY, DEATH OR PROPERTY DAMAGE, WHETHER THOSE RISKS ARE KNOWN OR UNKNOWN.
Medical liability waivers are releases, meaning that they're used so that patients can confirm that they won't pursue legal action if something goes wrong during the procedure (barring gross negligence or malpractice).
A liability waiver is a legal document that a person who participates in an activity may sign to acknowledge the risks involved in their participation. By doing so, the company attempts to remove legal liability from the business or person responsible for the activity.
A release of liability (commonly referred to as a liability waiver or an exculpatory agreement) governed by Florida law given or signed by a prospective participant in a potentially dangerous activity in favor of the company providing access to the activity.