Assumption of Risk Clause
An assumption of risk clause asks the participating party to understand and acknowledge all the potential risks and dangers associated with their participation in any activities at your facility. This clause is a key component of a liability waiver as it lessens the opportunity for participants to bring any claims regarding not being aware of any risks.
Release of Liability Clause
Including a release of liability clause allows you to relieve yourself from any liability that may occur from negligence. In order to ensure your liability waiver is effective, it is recommended that your terms be as detailed and clear as possible so that the party signing the waiver is aware of the rights that they are agreeing to waive.
An indemnification clause would protect your business from having to be responsible for the damages suffered by a third party. This means that the indemnifier (signing party) agrees to be responsible for the costs/loss/damages suffered by a third party due to their own negligence, acts or omissions.