Release of Liability Agreement
  • Release Settlement
    • General Information
    • Parties Details
    • Incident Details & Consideration
  • Complete the Document
    • Format & Signatures

General Information

  • This Release of Liability Agreement ('the Agreement') is designed for use in a situation of:

    !

    A <strong&amp;amp;gt;single-party release&amp;lt;/strong&gt;&lt;/em> is a legal agreement where one party agrees to release the other party from liability for claims related to a specific incident or dispute.

    A mutual release is a legal agreement in which both parties agree to release each other from all claims, liabilities, or disputes arising from a specific incident or relationship.

  • Select the date on which the parties sign this Agreement:

    !

    =””>=””&gt;sli=””&gt;ce=”1 1 []”&amp;gt;The parties to this Agreement are free to choose any state they wish.

    It is common to select state laws based on either of the following criteria:

    – state where either party is located or currently resides;
    – state where the incident took place;
    – state the laws that apply towards the original contract between the parties under which release of liability shall be made.

  • Which state’s laws shall govern this Agreement?

Parties Details

  • The Releasor (i.e. a person who waives their legal claims) is:

  • Indicate the full name of Releasor's company:

  • Indicate the full company's address (Releasor):

    !

    The company’s address is a principal address of where the business’s management sits or from where main business operations are made.

  • Indicate the full name of Releasor:

  • Indicate the full residential address of Releasor:

  • The Releasee (i.e. a person who is released from legal claims) is:

  • Indicate the company's full name (Releasee):

  • Indicate the full business address of Releasee:

  • Indicate the full name of Releasee:

  • Indicate the full residential address of Releasee:

  • The first party to this Agreement (Party A) is:

  • Indicate the full name of company (Party A):

  • Indicate the full business address of company (Party A):

  • Indicate the full name of person (Party A):

  • Indicate the full residential address of Party A:

  • The second party to this Agreement (Party B) is:

  • Indicate the full name of company (Party B):

  • Indicate the full business address of company (Party B):

  • Indicate the full name of Party B:

  • Indicate the full residential address of Party B:

Incident Details & Consideration

  • Describe in detail the incident that forms the basis for this release of liability:

    !

    =””>=””&gt;sli=””&gt;ce=”1 1 []”&amp;gt;The release of claims and liability may be caused by various situations:

    – car accident;
    – debt under the loan agreement or promissory note;
    – property damage;
    – personal injury, etc.

    The parties have to provide as much detail as possible in the answer to this question.

  • Is the exact date of the incident known?

  • Select the date on which the incident took place:

  • Which type of consideration the Releasor shall get?

    !

    =””>=””&gt;sli=””&gt;ce=”1 1 []”&amp;gt;Once the parties sign this Agreement and the Releasor releases the other party from all liabilities and claims, the Releasor has a right to a consideration.

    Such a consideration may have various forms, including monetary compensation, transfer of property, securities, etc.

  • Enter the amount of the one-time compensation (in USD) the Releasor will receive:

  • Provide a description of any non-monetary compensation to be received by the Releasor:

  • Which type of consideration either party to this Agreement shall get?

    !

    =””>=””&gt;sli=””&gt;ce=”1 1 []”&amp;gt;Once the parties sign this Agreement and mutually release each other from all liabilities and claims, either party shall have a right to a consideration.

    Such a consideration may have various forms, including monetary compensation, transfer of property, securities, etc.

  • Provide a description of any non-monetary compensation to be received by both parties:

  • Enter the amount of the one-time compensation (in USD) the PARTY A will receive:

  • Enter the amount of the one-time compensation (in USD) the PARTY B will receive:

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