What is a release of liability clause (exculpatory clause)?
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A release of liability clause, often referred to as an exculpatory clause, is a legal provision found in various contracts and agreements. It plays a significant role in defining the boundaries of legal responsibility between parties involved in a particular activity or transaction. While its purpose might seem straightforward, the enforceability and effectiveness of these clauses can vary depending on a range of factors, making them a topic of interest in the legal field. In this answer, we will delve into the key aspects of release of liability clauses, their significance, and the considerations surrounding their application.
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