Release of Liability Forms in Georgia

As a business owner, you know that disagreements in court cost time and money to resolve. If you can settle disputes without litigation, it is usually to everyone’s benefit. However, a simple handshake may not be enough to keep the problem from coming back.

Whether your problem involves a disgruntled employee or an incomplete business deal, a skilled lawyer at Sparks Law can help. Our attorneys are experienced in drafting release of liability forms in Georgia and can create a document that satisfies your needs.

What is a Release of Liability?

A release of liability or waiver of liability is a legal contract where one party agrees to not sue another party in exchange for consideration, such as a payment or a favorable reference. For example, an employer could require a terminated employee to sign a waiver in exchange for severance payment.

For contracts to be legal, both parties must give up something to get something of value. In the above example, the employee (releasor) gives up the right to sue for past or future damages to get money. The employer (releasee) gives up the money for the valuable promise not to be sued. A skilled Georgia attorney should review a business’s release of liability form to ensure consideration by both parties is valid.

Necessary Information in a Waiver of Liability

In a release or waiver of liability governed by Georgia law, the following information should be included:

  • The name of the party waiving legal action
  • The name of the potentially liable party
  • What the potential liability is about
  • The amount of money or action to be given or performed by the releasee
  • The effective date

Generally, neither party will admit wrongdoing by singing a release of liability. A waiver can either be signed before any activity necessitates it or after the parties reach an impasse and negotiate the outcome.

Other elements that may be included in a waiver are:

  • Assumption of risk in which the releasor acknowledges danger in an activity, such as visiting a high-rise construction site, and accepts the risk
  • Signatures of the parties, as well as parents or guardians if a party is under 18, and witnesses or a notary (optional)
  • Right to consult an attorney if one party is less astute in legal matters, such as an employee asked to sign a waiver by the employer’s attorney
  • Severability clause in which invalid sections are ignored while the rest of the document remains valid

Any modifications after the waiver is executed must be in writing. An attorney at our Georgia law firm can offer further advice on what elements should be included in your specific release of liability form.

Types of Releases of Liability Forms in Georgia

Release of liability forms can be simple or complex, depending on how the parties intend to use them. Releases can be used to settle various issues, such as the following examples:

  • Liability for vehicular accidents
  • Real and personal property damage
  • Assumption of risk while participating in an event or activity
  • Personal injury liability

In business, the two most widely used releases are categorized as general and mutual. A local attorney can further explain these different types of liability release forms and draft one suitable for a client’s business needs.

General Release of Liability

A general release of liability is used when one party gives up all known and unknown claims against another party. For example, a departing employee who signs a general release will not be able to sue the employer if later the employee discovers a reason to do so.

Mutual Release of Liability

A mutual release is signed when both parties give up all claims, even those that have not yet risen. For example, if two businesspeople contract with each other but the agreement does not go forward, they could mutually release each other even if each person blames the other party.

Learn about Release of Liability Forms in Georgia from an Attorney

Business owners should be proactive in preventing costly lawsuits. Useful measures to achieve this include negotiating, settling, and releasing liability before taking a dispute to trial.

Release of liability forms in Georgia are an effective way of settling disagreements with employees, vendors, and other businesspeople without going to court. Call Sparks Law today to learn more about your legal options from our experienced team.