A Wake North Carolina Boat Rental Agreement with Personal Injury Waiver and Release of Personal or Property Damage and Indemnification of Lessor for Damage to Boat or Equipment is a legal document that outlines the terms and conditions for renting a boat in Wake County, North Carolina. This agreement includes a personal injury waiver and a release of liability for any personal or property damage that may occur while using the rental boat. The purpose of this agreement is to protect both the boat rental company (the lessor) and the renter (the lessee) from any potential injuries or damages that may arise during the rental period. By signing this agreement, the renter acknowledges and accepts the risks associated with boating activities and waives any right to hold the lessor responsible for any injuries or damages that may occur. The agreement typically includes the following key elements: 1. Identification of Parties: The agreement identifies the lessor (boat rental company) and the lessee (renter), including their contact information. 2. Boat Description: The agreement includes a detailed description of the boat or equipment being rented, including its make, model, and identification number. 3. Rental Period: The agreement specifies the start and end dates of the rental period, along with the agreed-upon rental rates and payment terms. 4. Personal Injury Waiver: The lessee acknowledges and accepts the risks associated with boating activities, and waives any right to hold the lessor responsible for any personal injuries that may occur. 5. Release of Personal or Property Damage: The lessee releases the lessor from any liability for any damages to personal belongings or property that may occur during the rental period. 6. Indemnification of Lessor: The lessee agrees to indemnify and hold the lessor harmless from any claims, damages, or expenses arising from the use of the rented boat or equipment. 7. Insurance Requirements: The agreement may require the lessee to provide proof of insurance coverage for the rented boat or equipment, or offer insurance options provided by the lessor. Different types of Wake North Carolina Boat Rental Agreement with Personal Injury Waiver and Release of Personal or Property Damage and Indemnification of Lessor for Damage to Boat or Equipment may include variations in terms, rental rates, and specific clauses depending on the boat rental company and the type of boat or equipment being rented. It is important for both parties to carefully review and understand the agreement before signing to ensure clarity and protection for both parties involved.