This Release of Liability Waiver and Indemnity Agreement ("Agreement") is made and entered into as of [Date] by and between:
[Company Name], a [State of Incorporation] [Business Structure (e.g., corporation, LLC)], with a principal place of business at [Company Address] ("Company"), and
[Participant Name], residing at [Participant Address] ("Participant").
WHEREAS, Company offers launch activities (the "Activities"); and
WHEREAS, Participant desires to participate in the Activities offered by Company.
IN LIGHT OF THE INHERENT RISKS ASSOCIATED WITH LAUNCH ACTIVITIES, and in consideration of the foregoing premises and the mutual covenants contained herein, the parties agree as follows:
1. Acknowledgement of Risk. Participant acknowledges and understands that the Activities involve inherent risks, including but not limited to:
Participant understands that these risks cannot be eliminated and voluntarily assumes all risks associated with participation in the Activities.
2. Assumption of Risk. Participant assumes all risk of injury or property damage arising out of or in any way connected with participation in the Activities, regardless of the cause of such injury or damage.
3. Release of Liability. Participant hereby releases, discharges, and waives any and all claims, demands, losses, damages, rights of action or causes of action of any kind, known or unknown, arising out of or in any way connected with Participant's participation in the Activities, including but not limited to:
4. Waiver of Claims. Participant waives any and all rights and benefits conferred by any statute or regulation that would otherwise limit the effect of this Agreement, to the fullest extent permitted by law.
5. Medical Conditions. Participant represents and warrants that they are in good health and have no physical limitations that would preclude safe participation in the Activities. Participant acknowledges they have disclosed any relevant medical conditions to a healthcare professional and have been cleared for strenuous physical activities. [Optional]
6. Pre-Activity Instructions and Safety Briefing. Participant agrees to attend a mandatory pre-activity safety briefing provided by Company staff. The briefing will cover safety rules, proper use of equipment, and emergency procedures. Participant agrees to follow all instructions and safety rules provided by Company staff before, during, and after the Activities.
7. Equipment Inspection. Participant acknowledges that they have been given the opportunity to inspect the equipment to be used during the Activities for any defects or damage. [Modify based on your launch activity]
8. Right to Refuse Participation. Company reserves the right to refuse participation in the Activities for any reason, including safety concerns, inability to meet age or height requirements, or violation of safety rules.
9. Photo/Video Release (Optional). [Modify based on your policy] If Company obtains photographs or videos of Participant during the Activities, Participant grants Company a non-exclusive, irrevocable license to use such photographs or videos for promotional purposes. Participant may opt out of this provision by notifying Company in writing.
10. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors, and assigns.
11. Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.
12. Severability. If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.
13. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of laws principles.
14. Signature Requirements
Print Name:
Date:
Title:
Disclaimer: This template is for informational purposes only and should not be considered a substitute for legal advice. It's highly recommended to consult with a lawyer to ensure your Launch Activity Release of Liability Waiver and Indemnity Agreement meets all legal requirements in your jurisdiction and effectively protects your business.
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