Document background
The Product Waiver Form is a critical risk management document used in the Philippines when customers need to acknowledge and accept inherent risks associated with product use. This document becomes particularly important for products that carry inherent risks, require specific usage guidelines, or where standard warranty terms need modification. The form must carefully balance business protection with consumer rights under Philippine law, particularly Republic Act No. 7394 (Consumer Act of the Philippines). It typically includes detailed product information, specific rights being waived, risks acknowledged, and limitations of the waiver. The document must be drafted in clear, understandable language and cannot waive certain fundamental consumer rights protected by Philippine law. This Product Waiver Form is commonly used in sectors such as sports equipment, industrial machinery, specialized consumer goods, and medical devices.
