As you may know, one of our important clients, Benton Counter, the C.E.O of Peak Performance Pontoons Inc., has recently come across a business opportunity while travelling - 'Fantastic Floaters'.It is a new type of life preserver and a copy of the Patent is available through our Intellectual Property Division, should you wish to see it. Mr. Counter is in the process of determining the best and most lucrative method of capitalizing on the commercial development of this invention. Regardless of the business venture structure, he plans is to sell the "Fantastic Floaters" through retail distributors, via online sales from a website, and by operating a retail store located in the same premises as their manufacturing plant.In addition to selling through their own store, they also intend to rent the "Fantastic Floaters" from that location. We have cautioned Mr. Counter as to the extensive product liability concerns with a sports product of this nature.As a result, he is seriously considering using the safer corporation structure form of business organization. However, he also asked what other steps might be taken to protect against tortious liability. I have a team that is looking at the topic of 'product warning labels' to be put on the life preservers., specifically what can be done in the nature of a product warning label and the law relating to such labels. While it is impractical to have purchasers of Fantastic Floaters sign 'waivers of liability, we should recommend the use of waivers for customers who rent Fantastic Floaters through PPP's retail outlet.

There are two elements to an effective waiver of liability - a properly drafted waiver and the proper administration of the waiver. What I need from you is, to open up a file #PPP44, acknowledge receipt of your instructions, Your report or presentation should cover the contents of an effective waiver of liability, and the law relating to the content. Another team will deal with the issue of administering the waiver.

You need to write a memo on the situation and the topic is waiver of liability and violent defence