Property Damage Liability Waiver

Property Damage Liability Waiver Template for Philippines

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Key Requirements PROMPT example:

"I need a Property Damage Liability Waiver for my events venue business in Manila, Philippines, covering both indoor and outdoor spaces, with specific provisions for weather-related damage and equipment use during corporate events and weddings."

Document background

The Property Damage Liability Waiver is essential in Philippine business operations where property damage risks need to be clearly allocated between parties. This document, governed by Philippine law and particularly the Civil Code of the Philippines, is commonly used in property rentals, event venues, construction projects, and equipment leasing arrangements. It serves to protect property owners, businesses, and service providers from liability for specific types of property damage while ensuring compliance with local regulations. The waiver typically includes detailed property descriptions, specific conditions under which liability is waived, and clear delineation of responsibilities between parties. It's particularly important in the Philippine context where property rights and liability matters are strictly regulated under both civil law and special legislation.

Suggested Sections

1. Parties: Identifies and provides complete details of all parties involved - the party being released from liability (releasee) and the party granting the release (releaser)

2. Background: Explains the context and circumstances leading to the need for the waiver, including description of the property involved

3. Definitions: Defines key terms used throughout the document, including 'Property', 'Damage', 'Liability', and other relevant terms

4. Scope of Waiver: Clearly outlines what types of property damage and liability are covered by the waiver

5. Waiver and Release: The core section containing the actual waiver language and release of liability

6. Representations and Warranties: Statements by both parties confirming their understanding and capacity to enter into the waiver

7. Duration: Specifies the time period for which the waiver remains valid

8. Governing Law: Explicitly states that Philippine law governs the waiver and its interpretation

9. Execution: Signature block and execution requirements including witness provisions if required

Optional Sections

1. Consideration: Include when there is monetary or other consideration being provided in exchange for the waiver

2. Insurance: Include when specifying requirements for insurance coverage or addressing insurance-related matters

3. Dispute Resolution: Include when parties wish to specify particular methods for resolving disputes

4. Severability: Include when parties want to ensure that if any provision is found invalid, the rest of the waiver remains effective

5. Indemnification: Include when one party agrees to protect the other against third-party claims

6. Notice Requirements: Include when specific notification procedures need to be followed for any matters related to the waiver

Suggested Schedules

1. Schedule A - Property Description: Detailed description and/or photographs of the property covered by the waiver

2. Schedule B - Pre-existing Damage: Documentation of any existing damage to the property before the waiver takes effect

3. Schedule C - Excluded Items: List of specific items or types of damage explicitly excluded from the waiver

4. Appendix 1 - Photo Documentation: Photographs of the property and any relevant areas or items

5. Appendix 2 - Inspection Report: If applicable, professional inspection report of the property condition

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Construction

Events and Entertainment

Hospitality

Property Management

Facilities Management

Equipment Rental

Retail

Warehousing and Storage

Manufacturing

Relevant Teams

Legal

Operations

Risk Management

Property Management

Facilities Management

Contract Administration

Real Estate

Asset Management

Compliance

Property Development

Relevant Roles

Property Manager

Facility Manager

Real Estate Agent

Event Coordinator

Construction Project Manager

Risk Management Officer

Legal Counsel

Operations Manager

Contract Administrator

Asset Manager

Leasing Manager

Maintenance Supervisor

Property Development Manager

Compliance Officer

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