Templates for waiver and release of liability forms are found at RocketLawyer.com, FormSwift.com and LawDepot.com. Rocket Lawyer's forms are customizable to the user's state, as are the forms at Form Swift. For the Law Depot's forms, users have to fill out a short questionnaire that helps customize their forms.
A waiver and release of liability form is need for when a person or entity is organizing an event where risk is involved, Rocket Lawyer explains. When risk is involved, it's best to have all participants sign the waiver and release. The owner or operator of said activity is then released from liability if a participant is injured. Generally, the owner, sponsors or organizers of the event ask participants to sign the document before the activity or function begins.
The legal requirements of the waiver and release of liability vary from state to state, Form Swift advises. Generally, in order for the release to be legal, it must be signed by all parties involved, and it should be dated. A copy should be kept on hand with the organizer or sponsor and a copy provided to the participants. While a waiver and release of liability gives the entity a layer of protection, it does not prevent someone from suing the event sponsor or organizer.