Release From Obligation Clause

State:
Louisiana
Control #:
LA-5481
Format:
Word; 
Rich Text
Instant download

Description

In this example, the plaintiff in a divorce proceeding attests that, in exchange for a certain amount of money from the defendant, she releases defendant from any further financial obligation. Plaintiff declares that the settlement terms are fully understood and voluntarily accepted for the purpose of making a final settlement of all claims, disputed or otherwise, specifically for past-due child support, and for the express purpose of precluding forever any further claim regarding the community property that formerly existed between the parties.
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  • Preview Release in Full from future obligation, after settlement

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FAQ

Except as expressly provided in this Contract, a Party shall not be liable to the other Party for any loss, damage, delay, default or failure to perform any obligation to the extent resulting from an Uncontrollable Circumstance.

Release re·lease 1 vt reA·leased, reA·leasA·ing 1 a: to relieve or free from obligation, liability, or responsibility the debtor is released from all dischargeable debts b: to give up (a claim, title, or right) to the benefit of another person: surrender 2026

A release of liability is a legal agreement between two parties in which one party waives the right to hold another party responsible for potential damages or injuries.

A release form, or general release form, is a legal document that serves as consent in writing to release the legal liability of a releasee by a releasor. The document is a formal acknowledgment that, once signed, is a legal release of all a releasee obligations within an agreement.

A liability waiver, which may also be referred to as a liability release form, is signed by an individual who wishes to engage in an activity that has a known risk of injury, which, if realized, can result in damages.

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Parties often add limitationofliability clauses to their agreements. No Other Obligations.An exculpatory clause is a contract provision that relieves one party of liability if damages are caused during the execution of the contract.

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Release From Obligation Clause