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Yes - In most states the law recognizes that riding horses is inherently dangerous. Therefore the waiver you sign indicates that you know the dangers of riding and assume the risks yourself. Of course if there is negligence on the part of the stable you can sue them for that negligence. But if you are hurt in the normal practice of riding - horse trips, spooks, rears or you just fall off - you cannot blame the stable. If the equipment given to you to use by the stable, such as the stirrup breaks, or they give you a horse they know to be sick, or likely to throw you then you could blame them.

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Q: If you sign a waiver in order to ride horses that releases the stable from liability but you have never ridden before and told them you wanted to learn have you assumed the risk through the waiver?
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