I have read the RELEASE and WAIER of LIABILITY ASSUMPTON OF RISK, AND INDEMNITY. ASSUMPTION OF RISK: I understand that there are potential dangers incidental to my participation in the Program, some of which may be dangerous and which may.This form serves as a Release of Liability for any injuries or damages that result from a Tenant's use of a rental property. Release and Waiver of Liability, Assumption of Risk and Indemnity Agreement.