US Law Videos .com  

 

US Law Videos .com
Helping you understand American law through
video, books, links, forms, and more ...

Home Search Legal Forms Law Books
(195 videos)


Release Agreement (Waiver)

Do-It-Yourself Legal Forms -- Save Time & Money -- Click here for forms


Legal Form:


Legal Form
Download Now

A Release Agreement (Waiver) is an enforceable promise not to proceed with a legal claim in exchange for money or other compensation. Also known as a Release and Dispute Settlement Agreement.

A Release Agreement is used when two parties settle a legal dispute. Essentially, the release will set out the terms of how the parties have agreed to settle their dispute (eg. one party will pay money to the other party, property will be returned, etc). As part of the settlement, the release document provides that neither party will sue each other or make any further claims against each other.

In other words, the dispute is over and settled. Once the releases have been signed, neither party can come back later and make any demands, lawsuits, or other claims against the other party regarding the subject matter of the release. It is common that each party in a dispute will give the other party a release.

The release will usually include terms covering the following:

  • terms of the settlement (eg. one party will pay money to the other party, property will be returned, etc). It may also state payment terms (eg. lump sum payment, or payment of a certain amount per month for a fixed number of months)

  • confidentiality requirements (this is to ensure that no one discusses the terms of the settlement in the event that the parties want the matter to be kept confidential)

  • agreement that the party no longer has any claim against the other party regarding the subject matter described in the release

Download: Release Agreement (Waiver)





NOTICE: The information and links contained on this web page are intended only to be merely informative and are NOT intended to provide legal advice to any person/entity. Never rely solely on the information contained on this web site or on any third-party web site. Information and/or links may not apply or be appropriate to your situation and/or may be out of date. Any person with a specific legal question or legal problem should always consult with and seek the advice of a qualified lawyer. E.&O.E. Legal disclaimer

 

Canadian Law Resources:


   www.USLawVideos.com (24-Aug-2018) E.&O.E.

More videos ...