Document background
The No Liabilities Agreement serves as a critical risk management tool for businesses operating in New Zealand, providing a clear framework for limiting potential liabilities in commercial relationships. This document is particularly valuable when parties need to establish boundaries of responsibility and risk allocation in their business dealings. It addresses key aspects such as excluded losses, insurance requirements, and specific activities covered, while ensuring compliance with New Zealand's legal framework, including the Contract and Commercial Law Act 2017 and consumer protection legislation. The agreement is commonly used in situations involving service provision, equipment use, venue hire, or professional services where parties wish to clearly define and limit their potential liabilities. It's essential to note that while this No Liabilities Agreement can effectively limit certain liabilities, it cannot exclude mandatory obligations under New Zealand law.
