A Release of Damages Agreement is an essential document for any business that deals with customers or clients. It is designed to provide both parties with a clear understanding of the responsibilities and liabilities in the event of damage or injury incurred. The agreement allows each party to set out the terms of liability, so that they can be confident they will not be held liable for losses beyond those specified in the agreement. This ensures that all parties know their rights and obligations related to any potential damages. In addition, this document helps protect against any future disputes, as it provides evidence that something has been agreed upon by all parties involved. By having a Release of Damages Agreement in place, businesses can safeguard both their own interests, as well as those of their customers or clients.