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Well, not really an urban legend. Courts usually have not upheld that waivers absolve host organizations of liability. They may sometimes reduce liability, but that can be a big maybe. Waivers never work if what you are doing is in violation of the law (serving alcohol to minors, hazing, etc.) I would recommend calling Tom Recker at HQ. Tom was President of FIPG at one time, and should know about the effectiveness of waivers.
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