Document background
The Release And Hold Harmless Agreement is a crucial legal instrument in Philippine business and civil transactions, designed to manage risk and prevent future litigation. This document is commonly used when parties wish to resolve potential disputes, release claims, or allocate risk in various situations such as property transactions, service agreements, or recreational activities. The agreement must comply with Philippine Civil Code requirements and cannot waive rights that are protected by public policy or mandatory law. It typically includes detailed provisions about the scope of the release, the specific claims being waived, and the indemnification obligations of the parties. The document is particularly relevant in situations where there are inherent risks in activities or transactions, and parties need to clearly document their understanding and acceptance of these risks.
