LIABILITY WAIVER ESSENTIALS

What is A Liability Waiver?

In a liability waiver, signing parties voluntarily relinquish their right to hold another party responsible for potential risks, damages, harm or loss. By signing the waiver, the party acknowledges the potential risks, usually in a specific activity or event, and agrees not to pursue legal action against the other party if the potential risk occurs.

5 Essential Clauses in  A Liability Waiver

If you are preparing a liability waiver, you want to be sure that it includes:

1. A description of the activity and the inherent risks

2. An assumption of risk clause

3. A liability release clause

4. An indemnification clause

5. A governing law clause.

It's always safe to throw in a dispute resolution clause in your contracts. Ensure the waiver is signed.

The business lawyers at Jode Law understand the intricacies of contracts and can help you draft your liability waivers. Contact our business lawyers today via email at lawyers@jodelaw.ca

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