General Release of Liability Agreement

This general release of liability agreement is a very basic way of allowing an individual or business to release liability deriving from a certain event in consideration for a cash payment or asset. Download this general release of liability form for free and have it customized for you today.

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General Liability Release of Claims

Effective immediately upon execution, I, [ Individual/Business Releasing Liability ], for and in consideration of the payment to me of [ Payment in Consideration of Release ], the receipt and sufficiency of which is hereby acknowledged, do hereby release and forever discharge [ Individual/Business Being Released from Liability ], their agents, employees, successors and assigns, and their respective heirs, personal representatives, affiliates, successors and assigns, and any and all persons, firms or corporations liable or who might be claimed to be liable, whether or not herein named, none of whom admit any liability to the undersigned, but all expressly denying liability, from any and all claims, demands, damages, actions, causes of action or suits of any kind or nature whatsoever, which I now have or may hereafter have, arising out of or in any way relating to any and all injuries and damages of any and every kind, to both person and property, and also any and all injuries and damages that may develop in the future, as a result of or in any way relating to the following:

[ Describe The Incident Or Activity For Which The Party Is Being Released From Liability ]

Optional : Potential injuries arising from [ Subject Activity ] may include but are not limited to: [ List All Potential Injuries From Subject Activity ].

It is understood and agreed that this payment is made and received in full and complete settlement and satisfaction the causes of action, claims and demands mentioned herein; that this Release contains the entire agreement between the parties; and that the terms of this agreement are contractual and not merely a recital . This Release may not be altered, amended or modified, except by a written document signed by both parties.

Furthermore, this Release shall be binding upon the undersigned, and his respective heirs, executors, administrators, personal representatives, successors and assigns. This Release shall be subject to and governed by the laws of the State of [ State ].

This Release has been carefully read and fully understood by the undersigned. The terms have been explained to me and I am freely, knowingly and voluntarily entering into this Release.

EXECUTED this ____ day of _________________, 20____.

Signed: __________________________________ Sign Here

Print Name: [ Individual/Business Releasing Liability ]

Signed: __________________________________ Sign Here

Print Name: [ Individual/Business Being Released From Liability ]

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What Is a Release of Liability Agreement?

A release of liability agreement is a legal waiver signed by two parties. One party promises not to sue the other party. The signing party or releasor is indicating that they understand the risks and claim responsibility for any injury that might occur. The signee is acknowledging that they will not sue if any damage occurs.

A release of liability agreement might also be called the following:

When Is a Release of Liability Agreement Used?

A release of liability agreement can be used in many different situations, including any event that might have the potential for physical harm. For instance, these agreements are often used for activities such as bungee jumping, skydiving, or yoga class.

They can also be used after an injury has occurred, such as after a car accident or property damage. The release of liability agreement in these cases usually offers the releasor money in exchange for the promise not to sue.

Business owners, event organizers, sponsors, or hosts should always consider what potential risks are involved with a certain event. If there are risks of personal injury or damage, consider having participants sign a release of liability agreement. When people sign a release of liability agreement, they are releasing the business from liability for any harm to themselves that might occur from normal, typical activity.

Example of Release of Liability Agreement in Action

Imagine you and a friend attend a new kickboxing class at the gym down the street. Your friend punches just a bit too hard and sprains her wrist. Because you both signed a release of liability agreement with the gym, your friend cannot hold the gym accountable for her injury.

What Isn't Covered by a Release of Liability Agreement?

A release of liability agreement is intended to cover incidental injuries (those that happen in the course of the physical activity being performed), and not every injury fits into this category. If the patron's injury occurs because the business was negligent, the business might still be at fault.

Back to the kickboxing gym. Your friend's injury from punching too hard is incidental, partially her own fault. However, if the kickboxing gym didn't maintain its property and a roof beam fell off and hit your friend in the head, that's a different type of injury. In that situation, the kickboxing gym is likely liable - regardless of whether your friend signed a release of liability agreement.

Who Must Sign a Release of Liability Agreement?

If you're the owner of this kickboxing gym, you need to have every person who takes one of your classes sign a release of liability agreement. Patrons do not need to sign a waiver before every class, but each person must sign once.

The benefit to this is that you'll have many copies of the release of liability agreement, but you only need to make one. If done well, one release of liability will be enough for your business.

What's on a Release of Liability Agreement?

A release of liability agreement should describe the physical activity that will be performed at your business with as much detail and clarity as possible.

The more detail you can provide, the more likely you'll be covered for any injuries. This also benefits your customers, as once they read and sign the release of liability agreement, they will know exactly what type of physical activity they're getting into.

Elements to Include in a Release of Liability Agreement

A release of liability agreement must contain a few specific elements.