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A general release of liability, or liability waiver, is a contract designed to protect one party from being held liable for ordinary negligence resulting from an incident that may occur in the future. For the waiver to be enforceable, it must be clearly written and understandable to an average person. It cannot absolve a party from all liability, as gross negligence is not protected. Common scenarios for liability waivers include sports participation, recreational activities, and events at venues. It is important to note that a release of liability does not cover previous incidents of harm but is used primarily for potential future risks.