A legal liability waiver is a document that sets out the conditions under which an individual or a business can be exempted from certain legal liabilities. It typically involves signing away the right to seek damages in a court of law in the event of injury or harm caused by the activities of the other party. Waivers are usually signed when a person engages in dangerous activities, such as flying a hot air balloon or skydiving, and is meant to protect the other party from any legal repercussions should an incident occur. Generally, these waivers must be properly worded and executed in order for them to be enforceable. By signing one, you are affirming your understanding that you are responsible for any risks involved in the activity you’re engaging in.