III. ASSUMPTION OF RISK
The Releasor acknowledges and understands that there are inherent risks associated with the Liability Event. The Releasor assumes full responsibility for any injuries, damages, or losses that may be sustained as a result of participating in the Liability Event.
IV. INDEMNIFICATION
The Releasor agrees to indemnify and hold harmless the Releasee from any and all claims, actions, suits, procedures, costs, expenses, damages, and liabilities, including attorney's fees, arising out of or resulting from the Releasor's participation in the Liability Event.
V. NO ADMISSION OF LIABILITY
This Release is not an admission of liability by the Releasee. The Releasee denies and continues to deny any wrongdoing or liability.
VI. BINDING EFFECT
This Release shall be binding upon and inure to the benefit of the parties and their respective heirs, legal representatives, successors, and assigns.
VII. PAYMENT
As part of this release, the parties agree to no payment by the Releasee to the Releasor.
VIII. GOVERNING LAW
This Release shall be governed by and construed in accordance with the laws of the State of NSW.