What the heck is an exculpatory clause?

At the AOPA Legal Services Plan we review agreements for items including aircraft rental, hangar rental, and aircraft tie-downs. It seems to me in recent years they include releases more and more frequently. Ron Golden, an attorney and counsel to AOPA, remembers overhearing discussions 30 years ago between individuals about signing such a release agreement. In essence, the advice was to "sign it and don't worry about it because it will never hold up in court." AOPA Online.

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