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The Release Waiver And Indemnity Agreement is a crucial legal instrument in Saudi Arabia used to manage risk and liability exposure in various business and personal contexts. This document is particularly relevant when activities or services involve inherent risks, or when parties wish to clearly define and allocate potential liabilities. The agreement must be drafted in compliance with Saudi Arabian civil law and Sharia principles, requiring careful attention to local legal requirements and customs. It typically includes comprehensive details about the rights being waived, risks being assumed, and indemnification obligations. This type of agreement is commonly used in recreational activities, professional services, educational programs, and business transactions where one party seeks to limit their liability exposure while another party acknowledges and accepts certain risks.

1. Parties: Identifies and provides full details of all parties to the agreement, including legal names, addresses, and registration details if applicable

2. Background: Explains the context and circumstances leading to the agreement, including the relationship between the parties and the activities or events giving rise to the need for the waiver and indemnity

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation

4. Release and Waiver: Clearly states the rights being waived and releases being granted, including specific activities, claims, or circumstances covered

5. Indemnification: Details the indemnification obligations, including scope, limitations, and specific circumstances triggering indemnification

6. Representations and Warranties: States the representations and warranties made by each party regarding their capacity and authority to enter into the agreement

7. Term and Survival: Specifies the duration of the agreement and which provisions survive termination

8. Governing Law and Jurisdiction: Confirms Saudi Arabian law as governing law and specifies jurisdiction for dispute resolution

9. Entire Agreement: Confirms that the document represents the complete agreement between the parties and supersedes prior agreements

10. Execution: Provides for proper execution of the agreement in accordance with Saudi Arabian legal requirements