A Release of Liability Agreement (also known as an Indemnity Agreement) is a legally binding agreement between two or more parties, whereby one party agrees to hold the other party harmless from some sort of loss or harm that may arise out of their actions. The purpose of this is to protect one party from potential legal claims due to any damages caused by the other party. Release of Liability Agreements are often used in business situations, such as when it comes to signing contracts or indemnifying service providers from any wrongdoing. By signing a Release of Liability Agreement, both parties are agreeing to take responsibility for their own actions, and waive their rights to pursue legal action against each other. So if you’re looking for extra protection for your business and want all parties involved to be clear on their responsibilities, look no further than a simple Release of Liability Agreement!