Document background
A Liability Release Statement is a crucial risk management tool used in the Philippines to establish clear boundaries of liability between parties. This document is essential when engaging in activities that carry inherent risks or when providing services where potential liability needs to be addressed. Under Philippine law, while parties can agree to waive certain rights and potential claims, there are important limitations - notably, liability for gross negligence and willful misconduct cannot be waived. The document must comply with the Civil Code of the Philippines and relevant consumer protection laws. It's commonly used in recreational activities, professional services, educational programs, and various business operations where clear risk allocation is necessary. The statement typically includes detailed descriptions of the activities covered, acknowledgment of risks, and specific terms of the release, all drafted in compliance with Philippine legal requirements.
