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A severance agreement is a contract that an employer may ask an employee to sign when they are terminated from a job. Severance pay is often offered in exchange for an employee's release of their claims against the employer.
A release is an agreement not to sue; it waives your right to sue and company and "releases" your employer from legal liability for claims you may have against it.
Also known as a general release or release. A written contract in which one or more parties agree to give up legal causes of action against the other party in exchange for adequate consideration (that is, something of value to which the party releasing the legal claims is not already entitled).
The release of claims is an agreement between an employer and a worker whose employment has been terminated. Employees typically sign the document in return for a severance package. The release is meant to limit potential litigation for reasons such as discrimination.
Release forms tell judges that any content captured was consensual and that subjects understood that when they took on the project, they would be signing their rights away to the finished product.