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As part of the settlement, the general release clause stated that the agreement was ?full and final settlement of all or any Claims which the parties have, or could have had, against each other (whether in existence now or coming into existence at some time in the future, and whether or not in the contemplation of the ...
A generic form of release agreement under California law for use when parties to a commercial contract are terminating or have terminated the contract (or a portion of it) and have agreed to deliver a mutual release of claims.
A mutual release is used when both parties accept responsibility for the injuries or damages that they have suffered. Both parties waive their right to take legal action against each other in exchange for compensation.
The Parties hereby release each other from all actions, causes of action, liabilities, or claims. The parties hereby agree not to sue each other for any matter related to any matter that arose prior to the date this agreement is signed and agree not to seek damages from each other.
Any party involved in the dispute will have to sign the agreement for mutual release. Mutual release agreements are used in various areas of the law in many types of disputes. Before signing any type of release agreement, both parties must know what their rights are and what they are agreeing to give up by signing.
A mutual release permits both parties to stop pursuing their claims against each other, including both future and current claims. Depending on the agreement you draft and what conditions it includes, parties may reserve the right to file claims for issues that haven't yet arisen related to the current dispute.
A type of written agreement often used to compromise a dispute is a release and discharge (or simply, ?a release?). What is a Release & Discharge? A release is a document (usually by deed) in which a person who has a subsisting or claimed right agrees to surrender/release that right, often in return for compensation.
Each of the parties to this Agreement releases the other party from any and all claims, or causes of the other arising from any event or transaction occurring prior to the execution of this Agreement.