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SPECIALTY INSURANCE LLC Industry Insurance ProgramsConders Paintball Park CPP Phone: (270) 7654517 RELEASE OF LIABILITY, INDEMNITY AND ASSUMPTION OF RISK READ BEFORE SIGNING IN CONSIDERATION of being

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How to fill out release of liability indemnity

01

Include the date at the top of the form.

02

Write your full legal name and address as the 'Releasor.'

03

Write the full legal name and address of the 'Releasee' (the person or entity being released from liability).

04

Clearly state the activities or events for which liability is being released.

05

Include a statement that the Releasor understands the risks involved and is releasing the Releasee from any liability.

06

Have the Releasor sign and date the form in the presence of a witness.

07

Have the witness also sign and date the form.

Who needs release of liability indemnity?

01

Anyone participating in activities or events where there is a risk of injury or property damage may need a release of liability indemnity.

02

This includes participants in sports, recreational activities, volunteers, renters of property, and anyone engaging in potentially risky activities.

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What is release of liability indemnity?

Release of liability indemnity is a legal document that releases one party from potential liabilities, claims, or lawsuits related to a particular incident or transaction.

Who is required to file release of liability indemnity?

The party who is transferring ownership of a property, vehicle, or any other asset is usually required to file a release of liability indemnity.

How to fill out release of liability indemnity?

To fill out a release of liability indemnity, one must provide information about the parties involved, a description of the asset or transaction, and any relevant dates.

What is the purpose of release of liability indemnity?

The purpose of release of liability indemnity is to protect the party transferring ownership from future legal claims or disputes related to the asset or transaction.

What information must be reported on release of liability indemnity?

The release of liability indemnity must include details about the parties involved, the asset or transaction in question, and dates of transfer.

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