The Product Waiver Form is a critical risk management document used in Malaysian commercial transactions where products carry inherent risks or require specific user acknowledgments. This document is essential when companies need to protect themselves from liability while ensuring consumers are fully informed of product risks. The form must comply with Malaysian consumer protection laws, contract laws, and relevant sector-specific regulations. It typically includes detailed product information, risk disclosures, limitation of liability clauses, and specific terms under which the waiver applies. The document is particularly important for products that may pose safety risks or require specific user understanding and acknowledgment.
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1. Product and Parties Identification: Details of the product being waived and identification of both the company and the person signing the waiver
2. Acknowledgment of Risk: Clear statement that the signatory understands the risks associated with the product use
3. Waiver Declaration: Explicit statement of rights being waived and acceptance of responsibility
4. Terms and Conditions: Specific conditions under which the waiver applies
5. Limitation of Liability: Extent to which the company's liability is limited, subject to Malaysian law
6. Governing Law: Statement that the waiver is governed by Malaysian law
7. Signature Block: Space for date, signature, and witness details as required by Malaysian law
1. Medical Disclaimer: Required for products with potential health implications or medical devices
2. Parental Consent: Required when the product may be used by or affect minors
3. Safety Instructions: Detailed section for products with specific safety requirements or hazards
4. Electronic Acceptance: Required for digital execution of the waiver, including specific provisions under the Electronic Commerce Act
5. Language Declaration: Required when the waiver is provided in multiple languages, confirming which version prevails
6. Data Protection Notice: Required when personal data is collected, ensuring compliance with PDPA 2010
1. Product Details Schedule: Detailed description of the product(s) covered by the waiver, including specifications and serial numbers if applicable
2. Risk Disclosure Appendix: Comprehensive list of potential risks and hazards associated with the product
3. Usage Guidelines: Detailed instructions for proper product use and maintenance
4. Warranty Terms: If applicable, details of any remaining warranty coverage or terms that are not waived
Authors
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Retail
Consumer Goods
Sports and Recreation
Medical Devices
Electronics
Automotive
Fitness and Wellness
Food and Beverage
Construction Equipment
Children's Products
Sporting Goods
Relevant Teams
Legal
Compliance
Risk Management
Product Development
Quality Assurance
Customer Relations
Sales
Operations
Safety and Security
Commercial
Relevant Roles
Legal Counsel
Risk Manager
Compliance Officer
Product Manager
Sales Director
Customer Service Manager
Quality Assurance Manager
Operations Manager
Safety Officer
Retail Manager
Business Development Manager
Commercial Director
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