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Release Waiver And Indemnity Agreement Template for Malaysia

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Key Requirements PROMPT example:

Release Waiver And Indemnity Agreement

"I need a Release Waiver and Indemnity Agreement for my adventure sports company in Langkawi, Malaysia, to be used by participants in our rock climbing and kayaking activities starting January 2025, with specific focus on equipment usage and instructor supervision."

Document background
The Release Waiver And Indemnity Agreement is a crucial legal instrument used in Malaysian business and personal contexts where one party seeks to be released from potential liability while securing indemnification from the other party. This document is particularly relevant in situations involving inherent risks, such as sporting events, recreational activities, professional services, or facility usage. It is drafted in compliance with Malaysian contract law, specifically adhering to the Contracts Act 1950 and related legislation. The agreement typically includes detailed provisions outlining the scope of the release, specific rights being waived, indemnification obligations, and acknowledgment of risks. It serves as a risk management tool while providing legal protection for businesses and organizations operating in Malaysia.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement, including full legal names and addresses

2. Background: Provides context for the agreement, describing the relationship between parties and circumstances necessitating the waiver

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Scope of Release: Clearly outlines what claims, rights, and actions are being waived or released

5. Waiver Provisions: Details the specific rights being waived and confirms the voluntary nature of the waiver

6. Indemnification: Specifies the indemnification obligations, including scope and extent of protection

7. Acknowledgments: Contains statements acknowledging understanding of rights being waived and voluntary acceptance

8. Representations and Warranties: Statements by parties confirming their capacity and authority to enter into the agreement

9. Governing Law: Specifies Malaysian law as governing law and jurisdiction for disputes

10. Execution: Signature blocks and execution requirements

Optional Sections

1. Consideration: Required only when the waiver is provided in exchange for specific consideration beyond existing obligations

2. Insurance: Include when specific insurance requirements are part of the risk allocation structure

3. Severability: Optional clause ensuring survival of agreement if certain provisions are found invalid

4. Third Party Rights: Include when the waiver needs to extend to or protect third parties

5. Confidentiality: Required when the circumstances of the waiver involve confidential information

6. Dispute Resolution: Optional detailed dispute resolution procedures beyond simple governing law

7. Duration and Survival: Include when specific provisions need to survive termination or when waiver has specific duration

Suggested Schedules

1. Schedule 1 - Specific Rights Waived: Detailed list of specific rights, claims, or actions being waived

2. Schedule 2 - Specific Activities Covered: Description of activities or events covered by the waiver and indemnity

3. Schedule 3 - Related Parties: List of additional parties covered by the waiver and indemnity provisions

4. Appendix A - Risk Disclosure: Detailed disclosure of risks being assumed by the waiving party

5. Appendix B - Insurance Requirements: Specific insurance requirements and coverage details if applicable

Authors

Alex Denne

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

Relevant legal definitions




















Clauses




















Relevant Industries

Sports and Recreation

Events and Entertainment

Education

Healthcare

Construction

Manufacturing

Tourism and Hospitality

Professional Services

Real Estate

Adventure Sports

Fitness and Wellness

Technology

Research and Development

Transportation

Relevant Teams

Legal

Risk Management

Compliance

Operations

Human Resources

Safety and Security

Facilities Management

Event Management

Contract Administration

Business Development

Project Management

Corporate Governance

Insurance

Relevant Roles

Legal Counsel

Risk Manager

Compliance Officer

Operations Director

Facility Manager

Event Coordinator

Human Resources Manager

Safety Officer

Contract Administrator

Business Development Manager

Project Manager

General Manager

Corporate Secretary

Insurance Manager

Chief Legal Officer

Chief Risk Officer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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