A general release of liability agreement includes the names of the parties involved, the date the agreement is made and a statement made by the signer that blame is not placed with the individual or company if any harm comes from the activity involved, FormSwift notes. The specific requirements for the agreement vary from state to state.Continue Reading
A release of liability agreement is an agreement that protects a company or individual from liability if participation in an activity organized by the company or individual results in an injury, loss or damage of property, or death of the participants. The forms are commonly distributed when a company sponsors a trip or activity. A release of liability is not relief from legal proceedings, FormSwift explains.
If a company or individual is sued by a participant, the company must prove sufficient warning of all risks involved was issued. Therefore, it's important that the company or individual ensures that all parties know about the risks involved when participating in the sponsored activity. The company may still be held liable despite the execution of the release if it's established the participant is injured, lost property or died due to the negligence of the sponsoring company or individual, FormSwift warns.Learn more about Law