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The Waiver of Liability Agreement is an essential legal instrument used in various business and recreational contexts within India where activities or services involve inherent risks. This document is crucial when organizations or individuals need to protect themselves from potential legal claims while offering services or facilitating activities that carry inherent risks. The agreement must be drafted in compliance with Indian legal framework, particularly the Indian Contract Act, 1872, and the Consumer Protection Act, 2019. It typically includes comprehensive details about the activities covered, specific risks involved, the extent of the waiver, and what cannot be waived under Indian law. This document is particularly important in sectors such as adventure sports, fitness facilities, educational institutions, and event management companies, where participants engage in activities with known risks. The waiver should clearly communicate all risks while maintaining fairness and enforceability under Indian jurisdiction.

1. Parties: Identifies all parties to the agreement, including full legal names and addresses of both the party seeking the waiver and the party granting it

2. Background: Explains the context of the agreement, the relationship between parties, and the activities or circumstances giving rise to the need for the waiver

3. Definitions: Defines key terms used throughout the agreement, including 'Activities', 'Liability', 'Claims', and other relevant terms

4. Risk Acknowledgment: Detailed acknowledgment of risks associated with the activities covered by the waiver

5. Waiver and Release: Core section detailing the specific liabilities being waived and the extent of the release

6. Exceptions to Waiver: Specifies what cannot be waived under Indian law (e.g., gross negligence, willful misconduct)

7. Representations and Warranties: Statements by the party granting the waiver about their understanding of risks and capacity to enter the agreement

8. Indemnification: Terms under which the releasing party agrees to indemnify the other party against third-party claims

9. Term and Survival: Duration of the waiver and which provisions survive termination

10. Governing Law and Jurisdiction: Specifies Indian law as governing law and designates jurisdiction for disputes

11. Execution: Signature blocks and execution requirements