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The Product Liability Release agreement is essential for businesses operating in the Philippines who need to manage their exposure to product-related claims while ensuring compliance with local laws. This document becomes particularly important in contexts where products carry inherent risks or require specific user understanding and acknowledgment. The agreement must carefully navigate the requirements of the Consumer Act of the Philippines (RA 7394) and the Civil Code, which establish certain non-waivable consumer rights. Typically used by manufacturers, retailers, and service providers, the Product Liability Release includes detailed product descriptions, risk acknowledgments, safety instructions, and specific limitations on liability. It serves as a critical risk management tool while maintaining the mandatory consumer protections required under Philippine law.

1. Parties: Identification of the parties: the company/manufacturer/seller and the customer/user

2. Background: Context of the agreement, including product description and purpose of the release

3. Definitions: Key terms used throughout the agreement, including 'Product', 'Liability', 'Claims', etc.

4. Product Description: Detailed description of the product(s) covered by the release

5. Acknowledgment of Risks: Customer's acknowledgment of understanding the risks associated with product use

6. Release and Waiver: Core liability release provisions and scope of the waiver

7. Limitations of Release: Specific circumstances or types of liability that cannot be waived under Philippine law

8. Safety Instructions: Required safety warnings and proper usage instructions as per Consumer Act requirements

9. Representations and Warranties: Customer's confirmation of understanding and voluntary agreement

10. Term and Survival: Duration of the release and which provisions survive termination

11. Governing Law: Specification of Philippine law as governing law and jurisdiction

12. Execution: Signature blocks and execution requirements