WAIVER AND RELEASE OF LIABILITY

I _________________________ of legal age, single, Filipino citizen and a resident of

___________________________________________________________________, hereinafter
referred to as VENDOR, and ________________________, of legal age, married to
______________________________, Filipino citizen and a resident of
_____________________________________, hereinafter referred to as VENDEE; hereby
agree on this ____ day of _______________, in the year _________, to the following terms.

Upon conveyance of all the following legal documents of the

_________________________________________ from the VENDOR to the VENDEE;
1.

2.

3.

I, _________________________ (VENDEE) agree to and hereby release, discharge, and

hold harmless, on behalf of my assigns, personal representatives and heirs,
________________________. (VENDOR) from and against any and all liability, claims,
damages, demands, causes of action, costs and expenses I may have now and in the
future, no matter how caused, arising out of, or in connection with the sale of the
(transaction). I further agree that in the event I bring a claim or lawsuit in violation of
this agreement, I shall be liable for any attorneys’ fees and costs incurred by in
connection with such claim or lawsuit.

I, ____________________________________ (VENDEE) acknowledge that I have

carefully read this “waiver and release” and fully understand that it is a release of the
liability. I expressly agree to release and discharge
__________________________(VENDOR) and all his affiliates and heirs, representatives,
predecessors, successors and assigns, from any and all claims or causes of action and
I agree to voluntarily give up or waive any right that I otherwise have to bring a legal
action.

____________________________ _______________________
VENDEE VENDOR
 ACKNOWLEDGEMENT

Republic of the Philippines )

) S.S

BEFORE ME, personally appeared:

Name CTC Number Date/Place Issued

__________________________ __________________ _________________________

__________________________ __________________ _________________________

Known to me and to me known to be the same persons who executed the

foregoing instrument and acknowledged to me that the same is their free and
voluntary act and deed.

WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public

Doc. No.______;
Page No. ______;
Book No.______;
Series of 20___.