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What does a release mean in legal terms?

1 a : to relieve or free from obligation, liability, or responsibility [the debtor is released from all dischargeable debts] b : to give up (a claim, title, or right) to the benefit of another person. : surrender. 2 : to set free from confinement [was released on personal recognizance]

What is a waiver of liability and what makes it valid?

A liability waiver form is a legal contract that educates one party about the risks associated with an activity. Once signed, it prevents the participant from opening a lawsuit against the company in the event of damage or loss, effectively shifting responsibility for injuries from the company to the customer.

What is the difference between a waiver and a release?

The main difference between releases and waivers is the transferring of ownership. When rights are released, they are transferred to another party. When rights are waived, they are gone altogether.

Are liability waivers legal in Canada?

Under Ontarios Occupiers Liability Act, occupiers (meaning anyone who has ownership, possession or control of a premise) can obtain and rely on waivers. In order to do so, they must take reasonable steps to bring to your attention that by signing a waiver, you are in fact giving up your legal right to sue them.

Are release forms legally binding?

Release forms are typically legally binding and prevent a releasor (person who gave up a claim) from suing a releasee (person for entity freed from liability). However, these forms typically only prevent releasors from suing if they are harmed by a known risk or a risk inherent in the dangerous activity.

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