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2016
Youth Multihull National Challenge
RELEASE OF LIABILITY
In consideration of the undersigned participation in 2016 Youth Multihull National Challenge Regatta (the Regatta)
and the Red Gear Racing
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What is release of liability?
A release of liability is a legal document that frees one party from any responsibility for damages or injuries that may occur during a specified activity or transaction.
Who is required to file release of liability?
The party who is transferring ownership of a vehicle is required to file a release of liability with the relevant government agency.
How to fill out release of liability?
To fill out a release of liability, the party must provide information about the vehicle, the new owner, and sign the document to officially release liability.
What is the purpose of release of liability?
The purpose of release of liability is to protect the original owner from being held accountable for any accidents or incidents involving the vehicle after it has been sold or transferred.
What information must be reported on release of liability?
Information such as the vehicle identification number (VIN), the new owner's contact information, and the date of transfer must be reported on a release of liability.
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