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The Release of Liability agreement is essential for businesses and organizations operating in the Philippines that engage in activities where participants need to acknowledge and accept inherent risks. This document is commonly used in recreational activities, sports events, property usage, and various business operations where potential risks need to be clearly communicated and accepted by participants. The agreement must comply with Philippine civil law, particularly the Civil Code provisions regarding contracts and obligations, while ensuring that the release terms are reasonable and not contrary to public policy. It typically includes detailed descriptions of the activities involved, specific risks being waived, and acknowledgment of the participant's understanding of these risks. The document serves both as a risk management tool and a legal protection mechanism, though its enforcement may be limited by Philippine consumer protection laws and public policy considerations.

1. Parties: Identifies and provides complete details of the Releasor (person giving the release) and Releasee (person being released from liability), including their full legal names, addresses, and legal capacity to enter into the agreement

2. Background: Explains the context and circumstances leading to the release, including the relationship between the parties and the activities or situations covered by the release

3. Definitions: Defines key terms used throughout the agreement, including 'Released Claims', 'Activities', 'Losses', and other relevant terms

4. Acknowledgment of Risks: Details the risks, dangers, and hazards associated with the activities or circumstances covered by the release, confirming the Releasor's understanding of these risks

5. Release and Waiver: The core provision that explicitly states the release of liability, including the scope of claims being waived and the parties being released

6. Indemnification: Establishes the Releasor's obligation to indemnify the Releasee against any claims, damages, or losses related to the released activities

7. Representation and Warranties: Statements confirming that the Releasor understands the agreement, has the capacity to enter into it, and is doing so voluntarily

8. Governing Law: Specifies that the agreement is governed by Philippine law and outlines jurisdiction for dispute resolution

9. Severability: Ensures that if any provision is found invalid, the remainder of the agreement remains in effect

10. Entire Agreement: Confirms that the document represents the complete agreement between the parties and supersedes any prior arrangements