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The Release of Liability Waiver is essential for businesses and organizations operating in Austria that offer activities or services with inherent risks. This document serves to protect service providers from liability claims while respecting the strict requirements of Austrian law, which notably prohibits waivers for gross negligence or intentional harm. The waiver is particularly relevant in situations involving recreational activities, sports, educational programs, or any scenario where participants voluntarily engage in activities with known risks. It must be drafted to comply with the Austrian Civil Code (ABGB) and Consumer Protection Act (KSchG), requiring clear language that participants can easily understand. The document typically includes detailed risk descriptions, explicit acknowledgments by participants, and clear statements about which liabilities can and cannot be waived under Austrian law.

1. Parties: Identification of the party granting the waiver (the Releasor) and the party being released from liability (the Releasee), including full legal names and addresses

2. Background: Context of the waiver, including description of the activity or relationship giving rise to the need for the waiver

3. Definitions: Clear definitions of key terms used in the waiver, including 'Activities', 'Claims', and 'Liability'

4. Acknowledgment of Risks: Detailed description of the risks involved in the activity that the Releasor acknowledges and understands

5. Waiver and Release: The core waiver language specifying what claims and rights are being waived, with explicit mention of permissible waivers under Austrian law

6. Exceptions to Waiver: Clear statement that the waiver does not apply to gross negligence or intentional harm, as required by Austrian law

7. Representations and Warranties: Statements by the Releasor confirming their capacity to enter into the agreement and understanding of its implications

8. Governing Law: Specification that Austrian law governs the waiver and its interpretation

9. Severability: Provision stating that if any part of the waiver is found invalid, the remainder continues in effect

10. Signatures: Execution block with date and signatures of all parties