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Property Damage Waiver Form for Hong Kong

Property Damage Waiver Form Template for Hong Kong

A comprehensive legal document governed by Hong Kong law that establishes an agreement between parties to waive claims related to property damage under specified circumstances. This document outlines the scope of the waiver, identifies the property in question, and clearly defines the rights and obligations of all parties involved. It includes provisions compliant with Hong Kong's Contract Ordinance and Control of Exemption Clauses Ordinance, ensuring enforceability while protecting the interests of all parties. The form typically includes detailed property descriptions, damage specifications, and duration terms.

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What is a Property Damage Waiver Form?

The Property Damage Waiver Form is a crucial legal document used in Hong Kong when parties need to establish clear agreements regarding the assumption of risk for potential property damage. This document is commonly used in rental situations, construction projects, events, and various business operations where one party wishes to limit their liability for potential damage to property. The form must comply with Hong Kong's legal framework, particularly the Contract Ordinance and Control of Exemption Clauses Ordinance. It typically includes detailed information about the property, specific types of damage covered, duration of the waiver, and any exclusions. This document is essential for risk management and can help prevent future disputes by clearly documenting the agreed-upon terms regarding property damage liability.

What sections should be included in a Property Damage Waiver Form?

1. Parties: Identification of all parties involved in the waiver agreement, including full legal names and addresses

2. Background: Context of the waiver agreement, including the relationship between parties and general purpose

3. Definitions: Key terms used in the document, including 'Property', 'Damage', 'Waiver Period', and other relevant terms

4. Property Description: Detailed description of the property covered by the waiver, including address and specific areas included

5. Waiver Scope: Specific details of what types of damage are covered by the waiver and any exclusions

6. Duration: Period for which the waiver is valid, including start and end dates if applicable

7. Representations and Warranties: Statements by both parties regarding their authority to enter into the agreement and understanding of its terms

8. Governing Law: Specification that Hong Kong law governs the agreement

9. Execution: Signature blocks and execution requirements

What sections are optional to include in a Property Damage Waiver Form?

1. Insurance Requirements: Details of any insurance requirements or recommendations, used when specific insurance coverage is relevant

2. Indemnification: Additional indemnification provisions, used in cases where broader protection is needed

3. Specific Conditions: Any specific conditions that must be met for the waiver to remain valid, used for conditional waivers

4. Termination Rights: Conditions under which the waiver can be terminated, used for longer-term or ongoing waivers

5. Dispute Resolution: Specific procedures for handling disputes, used in more complex arrangements

What schedules should be included in a Property Damage Waiver Form?

1. Schedule 1 - Property Details: Detailed description of the property, including photographs, floor plans, or specific area descriptions

2. Schedule 2 - Existing Damage Record: Documentation of any pre-existing damage to the property

3. Schedule 3 - Excluded Items: List of specific items or areas excluded from the waiver

4. Appendix A - Photo Documentation: Photographs of the property condition at the time of waiver execution

5. Appendix B - Inspection Report: Professional inspection report of the property condition, if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Ƶ

Document Type

Declaration Form

Cost

Free to use
Relevant legal definitions






























Clauses

























Relevant Industries

Real Estate

Property Management

Construction

Events and Entertainment

Hospitality

Retail

Commercial Office Space

Industrial

Residential Property

Facilities Management

Relevant Teams

Legal

Operations

Property Management

Risk Management

Facilities

Real Estate

Compliance

Contract Administration

Asset Management

Customer Relations

Relevant Roles

Property Manager

Facility Manager

Real Estate Agent

Legal Counsel

Risk Manager

Operations Manager

Event Coordinator

Construction Project Manager

Leasing Manager

Contract Administrator

Property Development Manager

Asset Manager

Building Manager

Compliance Officer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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