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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.
You might think that since you signed a waiver acknowledging the risks of the activity, you have no legal leg to stand on to file a personal injury lawsuit. Waivers can make personal injury lawsuits more complex, but you can still seek damages for injuries that could have and should have been prevented.
No waiver for intentional, reckless or grossly negligent conduct. Most states will not enforce waivers of liability for intentional, reckless or grossly negligent conduct. This means a party is not protected by a liability waiver if, for instance, it engaged in fraud or conduct that was grossly negligent.
Can I still make a claim? Even if you signed a waiver of liability at a gym or sporting event, you still have the right to be kept safe, and to claim compensation if you were injured through someone else's negligence.
A waiver is a demonstration, usually in written form, of a party's intent to relinquish a legal right or claim. The key point to note is that the relinquishment is voluntary, and can apply to a variety of legal situations. Essentially, a waiver removes a real or potential liability for the other party in the agreement.
Many people mistakenly believe that by signing a waiver, they've given up all of their rights to sue the company that made them sign the waiver. This is not necessarily the case. If you are worried about signing a waiver, you should check with an experienced personal injury attorney beforehand.
3. How long do I keep signed waivers? The sponsoring unit is required to retain the waiver for six (6) years after the end of the event or activity for which the waiver was signed.
A liability waiver or release form protects business owners if a customer or patron is injured in the course of a sponsored event or activity. Liability release forms aren't a substitute for general liability insurance, but they can add an extra layer of protection.
Liability waivers, also known as waivers of liability, release forms, and hold harmless agreements , are legally binding documents. A participant, such as a customer or an employee, accepts risk and agrees to waive the company's liability for damages associated with inherent dangers.
So, if an accident happens and injury occurs, is a Waiver effective in protecting the institution from liability and preventing a lawsuit from the injured party? The answer is that, if properly worded and signed, the Waiver is likely valid and will preclude legal claims for injuries.