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RELEASE AND INDEMNIFICATION AGREEMENT Student: (Name and address) STATE OF OREGON, acting by and through Its STATE BOARD OF HIGHER EDUCATION On behalf of PORTLAND STATE UNIVERSITY (PSU) DESCRIPTION

How to fill out release and indemnification agreement

How to fill out a release and indemnification agreement?

1. Begin by reading the entire agreement thoroughly to understand its terms and conditions.
2. Provide your full legal name, contact information, and any other required personal details at the beginning of the agreement.
3. Identify the party being released and indemnified. This can be an individual, a company, or an organization.
4. Clearly state the date from which the agreement will be effective.
5. Specify the reason for the release and indemnification agreement, such as participation in a specific activity, use of certain facilities, or receiving services.
6. Describe any potential risks or liabilities associated with the activity or service provided and the acknowledgment of such risks by all parties involved. Be as detailed and specific as possible.
7. Include a clause stating that the party signing the agreement is aware of the potential risks and voluntarily chooses to participate or be involved despite these risks.
8. Clarify the extent of the release and indemnification, and the scope of responsibility being waived by the party signing the agreement.
9. Include a section stating the agreement is legally binding and enforceable.
10. Sign and date the release, ensuring that all parties involved in the agreement have done the same.
11. Keep a copy of the signed agreement for your records.

Who needs a release and indemnification agreement?

1. Individuals or participants involved in activities that carry a degree of risk, such as extreme sports, recreational activities, or events.
2. Businesses and organizations that provide services or facilities, such as gyms, sports clubs, rental companies, or travel agencies.
3. Event organizers or hosts who want to protect themselves from potential liabilities arising from accidents or injuries during the event.
4. Employers or contractors involved in potentially hazardous work environments or industries.
5. Any party that wishes to establish a legal mechanism to limit or distribute liabilities among involved parties.

Note: It is essential to consult with a legal professional to ensure the release and indemnification agreement meets all necessary legal requirements and adequately protects the parties involved. This content is for informational purposes only and should not be considered legal advice.

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