Download these 36 Free Release of Liability Forms Templates using MS Word Format to study them and hence prepare your very own Form quickly.
Life is uncertain and you never know when there is an unfortunate situation ahead of you. As a human being, you can only prepare to some level but keep in mind that around every corner, there is a surprise that you never suspected. Causing accident or being a victim of an accident or damage is something that we all have experienced at some point or another. Either we got hit by a car or we bumped into someone else’s vehicle causing damage or injury. The victim here has all the rights to go to the court and file a lawsuit against the person responsible for the accident. But that entire process can take weeks or even months to be settled so smart people try to settle the dispute outside of court. This typically means that the person responsible for the accident pays some compensation to the victim and the victim in return signs an agreement claiming that he won’t press charges against the other person. This agreement is known as a release of liability form.
Importance and Usage of Release of Liability Form:
If you take a look at the description of a release of liability form above and understand its basis, you will instantly know how commonly this form is used and how important it is especially these days. Basically when someone or a company is at the risk of being sued by someone individual or another company, in order to make the settlement out of the court i.e. by offering compensation or damage repair, they can ask the other person or party not to sue them in the court and just waive their rights by signing a release of liability or release of waiver form. The most common use of this form is in automobile accident where someone or his car is hit by another person and the person responsible for the accident requests the victim to sign a waiver and settle the dispute outside of the court.
Another very common example for using the release of liability form is when a contractor causes damage to a property and the owner of the property wants to file a lawsuit against him. If the case is filed in the court, the contractor knows that he will have to pay for the damages caused by him or his crew members and the court might ask him to increase the compensation as well. Just to make sure that no one goes to the court and the dispute is settled outside of the court either mutually or with the help of a mediator, the contractor will ask the property owner to sign a waiver form where the owner will confirm that he won’t press charges against the contractor.
Free Release of Liability Forms Templates:
Here are preview and download links for these free Release of Liability Forms Templates using MS Word.
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One very common situation where one might need a release of liability form is when they sell their automobiles i.e. car, bike or truck. If the vehicle is sold from one person to another, it might take at least a week or even 1 month to transfer the registration and ownership to the new owner. During this time, the vehicle will be in possession of the new owner but the registration will still be on the name of the previous owner. In case an accident happens or someone is injured by the vehicle, the police and authorities will held the previous owner responsible for the accident as the vehicle is still on his name. In order to handle this situation, when individuals sell their vehicles, they also sign a release or liability form where they mention that the vehicle is sold to a new owner and starting from the specific date, the previous owner won’t be responsible for any liabilities caused by the vehicle.