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A Release, Waiver, and Quitclaim is usually given by the Releasor to settle a dispute between the Parties, such as when the Releasor is alleging that the Released is liable to the Releasor for some reason, out of Court. In signing a Release, Waiver, and Quitclaim, the Released does not actually have to admit liability.
NounLaw. a transfer of all one's interest, as in a parcel of real estate, especially without a warranty of title.
Generally, a quitclaim is a formal renunciation of a legal claim against some other person, or of a right to land. A person who quitclaims renounces or relinquishes a claim to some legal right, or transfers a legal interest in land.
A quitclaim deed is used to transfer real property from the grantor to the new recipient owner, called the grantee. The grantor will terminate any rights to claim the property using a quitclaim deed, thus allowing all rights to be transferred to the recipient/grantee.
Quitclaims executed by laborers are valid and recognized.