Examples of Releasor in a sentence
A Release of Liability, also known as a Liability Waiver or Hold Harmless Agreement, is a legal document between two parties – Party A (the Releasor) signs to acknowledge the risks involved in a particular activity or process, thereby agreeing not to hold Party B ( the Releasee ) responsible for any harm or damage that might occur.
By signing this waiver form, the Releasor acknowledges that they understand the risks and claims and agrees not to sue the Releasee for past or future injuries or damages.
A Release of Liability form is a legal agreement between the Releasor or person promising not to sue and the Releasee or person or company potentially liable.
The Releasor hereby represents and warrants that there have been no assignments or other transfers of any interest in the Claim(s) that it may have and which could be asserted against SOL.
How to Write a Release of Liability Form Step 1 – Releasor and Releasee Details a) Provide the name of the state where the event will occur.