Employee Activities Release Of Liability
I. Introduction
This Employee Activities Release of Liability ("Agreement") is entered into between [YOUR COMPANY NAME] ("Company") and the undersigned [EMPLOYEE NAME] ("Employee") on [DATE].
In consideration of the opportunity to participate in team-building events organized by the Company, including but not limited to outdoor retreats, sports competitions, or adventure activities ("Activities"), the Employee agrees to the following terms:
II. Assumption of Risks
The Employee understands and acknowledges that participation in the Activities involves inherent risks, including but not limited to physical injury, property damage, or death. These risks may arise from factors such as weather conditions, terrain, equipment malfunction, or the actions of other participants.
III. Release of Liability
In consideration of being permitted to participate in the Activities, the Employee hereby releases, waives, and discharges the Company, its officers, directors, employees, agents, and representatives from any claims, liabilities, damages, or losses, including but not limited to those arising from negligence, related to or arising out of the Employee's participation in the Activities.
IV. Indemnification
The Employee hereby agrees to both indemnify and protect the Company from any financial responsibility for any claims or liabilities. This includes any potential damages or losses that may occur as a result. This applies to all actions that may occur as a result of the Employee's participation in the Activities the company is undertaking. The Employee also agrees to cover the cost of any legal fees that may arise from such situations. For this agreement, "the Company" also includes its officers, directors, employees, agents, and representatives. The Employee recognizes their responsibility to take on any financial obligations that might result from any claims, liabilities, damages, or losses that are associated with participation in the Activities. The commitment to indemnify and hold harmless extends to any situation that may occur during the aforementioned Activities.
V. Acknowledgment of Understanding
The Employee acknowledges that they have carefully read and fully understand the terms of this Agreement. The Employee agrees that this Agreement shall be binding upon themselves, their heirs, assigns, and legal representatives.
VI. Compliance with Policies
The Employee agrees to comply with all applicable Company policies, rules, and regulations during the Activities.
VII. Governing Law
This Agreement shall be governed by and construed following the laws of [State].
VIII. Severability
If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue to be valid and enforceable to the fullest extent permitted by law.
IN WITNESS WHEREOF, the undersigned Employee acknowledges their understanding and acceptance of the terms of this Agreement.
Participant:
[EMPLOYEE NAME]
[DATE]
Company:
[YOUR COMPANY NAME]
[DATE]
Witness’s Signature (if applicable):
[WITNESS’S NAME]
[DATE]
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