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A liability waiver is a legal document that a person who participates in an activity may sign to acknowledge the risks involved in their participation. By doing so, the company attempts to remove legal liability from the business or person responsible for the activity.
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.
It is common to be presented with a liability waiver prior to participating in an activity such as a recreational sports league, signing up for a gym membership, or visiting a theme park. In general, when a liability waiver is signed, the participant is waiving their right to sue in the event of an injury.
A gym liability waiver is a document that releases the gym from liability in the event of an injury. The waiver typically includes language that indemnifies the gym against any claims arising from the use of its facilities or equipment.
An Activity Waiver is an agreement between an activity provider and the participants, in which the participant agrees they understand the risks of the activity and will not sue the activity provider for any injuries or damages.
The most significant reason to use a liability waiver is that businesses can protect themselves from damages claims and lawsuits associated with inherently risky activities. This level of protection can shield your profitability and company reputation as well as avoid unnecessary legal disputes.