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Today's lesson covers the waiver and release of liability form. This document is crucial for businesses as it protects them from financial responsibility in case of customer injuries or contractor accidents. For instance, places like Pump It Up require customers to sign a waiver, stating that they assume responsibility for any injuries incurred during activities. Additionally, businesses hiring contractors can have them sign a release to shield the company from liability if a contractor is injured or causes property damage while working. The lesson will also focus on creating this essential form.