Common use of RELEASE OF LIABILITY AND INDEMNITY Clause in Contracts

RELEASE OF LIABILITY AND INDEMNITY. Notwithstanding the various efforts that will be made to ensure that the Tournament is safe, Competitor acknowledges that robotic combat is inherently dangerous and involves the risk of serious injury to competitors and spectators. Competitor expressly waives, releases, and holds harmless the Producers from all claims, demands, causes of action, damages, and/or liabilities that may arise from the Tournament and any preparations for the Tournament. Competitor expressly agrees to indemnify and hold harmless the Producers from all claims, demands, causes of action, damages and/or liabilities which may be suffered or incurred arising out of the design, maintenance, appearance, and/or operation of Competitor’s robot, including any intellectual property rights associated with the robot.