A release of liability, ‘hold harmless agreement’ or ‘indemnity agreement’, is a legal document that indemnifies an individual or business entity from legal and/or financial responsibility. Although, this is usually limited to negligence on behalf of the party being held harmless. If the release is being signed after the event took place, such as a car accident, the releasor may be paid money to sign such an agreement. Who are the parties involved? Releasor – The person releasing the other from a liability. Releasee – The person being released from liability.
An internship contract allows an employer to hire an intern that agrees to work on an unpaid basis. The intern agrees to provide their services in exchange for on-the-job training, experience in the field, and educational credits (if applicable).