This No Liability Waiver document is essential in situations where parties need to formally acknowledge and maintain their liability obligations under Hong Kong law. It is particularly relevant in regulated industries, professional services, and high-risk activities where attempting to waive liability would be legally inappropriate or unenforceable. The document includes comprehensive sections on risk allocation, insurance requirements, and compliance with Hong Kong's mandatory liability provisions. It serves as a crucial tool for risk management and regulatory compliance, especially in sectors where public safety or significant financial interests are at stake. The agreement ensures that all parties understand and accept their respective responsibilities while maintaining appropriate liability coverage in accordance with Hong Kong legal requirements.
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1. Parties: Identification of all parties to the agreement, including full legal names and addresses
2. Background: Context of the agreement and relationship between the parties
3. Definitions: Key terms used throughout the document
4. Scope of Activities: Detailed description of activities, services, or circumstances covered by the agreement
5. Liability Provisions: Clear statements of retained liability and responsibility
6. Insurance Requirements: Mandatory insurance coverage requirements for all parties
7. Risk Allocation: Distribution of risks between parties and how they will be managed
8. Compliance with Laws: Statement of compliance with Hong Kong laws and regulations
9. Duration and Termination: Period of effectiveness and conditions for termination
10. Governing Law and Jurisdiction: Confirmation of Hong Kong law application and jurisdiction
1. Emergency Procedures: Procedures to follow in case of accidents or emergencies - include if activities involve physical risk
2. Reporting Requirements: Specific reporting obligations for incidents - include if regulatory compliance requires incident reporting
3. Dispute Resolution: Alternative dispute resolution procedures - include for complex commercial relationships
4. Force Majeure: Handling of unforeseen circumstances - include if activities are susceptible to external disruption
5. Severability: Provisions for partial invalidity - include in complex agreements
6. Third Party Rights: Rights of third parties under the agreement - include if third parties may be affected
1. Schedule 1 - Covered Activities: Detailed list of specific activities or services covered by the agreement
2. Schedule 2 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
3. Schedule 3 - Incident Reporting Form: Standard form for reporting incidents or accidents
4. Appendix A - Risk Assessment: Comprehensive risk assessment for covered activities
5. Appendix B - Emergency Contact Details: List of emergency contacts and procedures
6. Appendix C - Relevant Regulations: List of applicable Hong Kong regulations and compliance requirements
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