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Be careful with "liability releases" too.
Those are only really useful if everyone who could possibly be injured signs one. For example, you are having an autocross in an enclosed area, and everyone who is admitted into the area has signed one.
A "liability release" is 100% ineffective against a third party who has not signed it. So, if everyone in your group signs one, but then one of you kills some random motorist out on the road, that "liability release" is going to come back to haunt your group and its members, BIG TIME. It's going to be evidence that (1) you are some kind of organized group, and (2) you were all planning on engaging in risky behavior. After all, who signs a "liability release" to just drive in a normal, safe manner on public roads?
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