A Liability Release Agreement, also known as Waiver of Liability Agreement, is a legally binding contract between two parties — the Releasor or the individual who agrees not to sue — and the potentially liable Releasee or person or corporation. The Releasor confirms by signing this document that he or she knows the consequences and lawsuits involved, and promises not to sue the Releasee for short or long term injuries or damages.
10+ Liability Release Agreement Templates in PDF | DOC
1. Liability Release Agreement Template
2. Liability Release Agreement Example
3. Wavier Liability Release Agreement Template
4. Printable Liability Release Agreement Template
5. Professional Liability Release Agreement Template
6. Event Liability Release Agreement Template
7. Driver Liability Release Agreement Template
8. Sample Liability Release Agreement Template
9. Liability Release Agreement Template in DOC
10. Basic Release Liability Agreement Template
11. Liability Release Agreement Format
Elements of a Liability Release Agreement
- The Releasor: It is a person who vows not to prosecute or bring any lawsuit against the event owner or organizer attending.
- The Releasee: Event or activity owner or organizer at risk of suit.
- Effective Date: The date when the agreement is supposed to take place.
- Event: The event and the activities involved in the event.
- Consideration: Refers to the amount of money, the action promised or something of legal value in return for signing the contract.
- Governing Law: Any contradictions shall be resolved by the laws of one State
Types of Liability Release Agreements
1: General Release
A General Release is frequently used when an individual generally abandons all known and unknown allegations against the other party. This document can cover broad claims which are brought in the most common cases of dispute. Although this release agreement is the most basic version, it is versatile and detailed enough to manage most circumstances.
2: Mutual Release
A Mutual Release is used when both parties give up all past and future claims against each other, in contrast to the general form above. The conflict is, in most situations, over a broken agreement wherein the two parties assume that the other is at fault. Instead of engaging in a lengthy and expensive legal process, both parties may use this agreement to agree to back away from the agreement according to their concepts.
3: Accident Release
An accident release agreement generally includes car accidents. The parties involved in a traffic collision or a car accident may decide to use this agreement to consent to not sue each other. In return for an agreed payment from the party that caused the accident, the party that was injured or received damage to their vehicle can decide to waive the liability from future compensation for the accident. Both parties can once again avoid the hassle of going to court.
4: Damage to Property Release
A waiver for the damage of property is used when there is damage to real property (i.e. land or building) or personal property (i.e. jewelry or movable possession) and the parties settle the dispute out of court. Before compensating someone for property damage you caused, make sure you use this agreement so that the property owner can’t ask you for more money down the road.
5: Personal Injury Release
A waiver of liability can also be used in personal injury cases where a person is hurt or damaged and decides not to sue the other party for a certain amount of money or interest. Personal injury can be both physical and/or psychological.
6: Participation in an Event or Activity Release
This last agreement is commonly used by event and entertainment organizations that require their clients to abandon all future claims for personal injuries that may occur against the organizer or owner. Such an agreement is used most frequently in activities such as any kind of sports league, extreme events such as paragliding. Although you need to keep in mind that a liability category does not normally cover incidents or injuries caused by negligence or failure to take reasonable care over a case.
Provisions that Should be Included in a Liability Release Agreement
The most important elements that should be there in such an agreement is the 3Ws and 1H;
It refers to the money or action sum (including the ability to participate in the activity) that will be granted in exchange for a promise.
It refers to the people involved in the agreement. In other words, the party that promises not to bring legal action against the other party.
It defines when agreement shall take effect. It is generally before the activity takes place.
the ‘how’ defines the fact that neither party acknowledges that they did wrong by signing the agreement.
Various other provisions might be included in the agreement depending on the situation and the parties involved;
The individual recognizes that the practices are potentially unsafe and dangerous and agree to take the risk of injury or damage.
The person is responsible for his/her fitness, medical or life insurance.
Any kind of change to the agreement has to be made in writing.
The individual will not prosecute the other party even if they are further injured in the event by any medical treatment provided during an emergency.
Parent or Guardian Signature:
If the agreement involves a minor below the age of 15, then he or she will be unable to sign the contract. The minor will need a parent or a guardian to co-sign the contract.