A Business Liability Waiver is an agreement used in business contracts and transactions that allows one party to limit or waive their legal liability when a transaction or service is rendered. This agreement also helps protect businesses from being held liable for any potential damage, loss, or injury caused by the services they provide. By signing a Business Liability Waiver, both parties acknowledge that the business has no responsibility for any damages or losses incurred as a result of providing their services. It is important for businesses to ensure that both parties understand and agree with the terms of the waiver before signing it.