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(a) Both parties agree to mutually discharge and release the other from any past and future obligations, responsibilities, liabilities, duties, or any functions whatsoever as provided in the JVA with effect from the date of the Mutual Termination Agreement.
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).
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 act of making a film available to be shown in theaters The film's general release is Friday.
Since a general release is a contractual agreement, it must follow the principles of contract law. When one party surrenders its right to bring claims against or sue another party, this is a general release.
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 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. A release may be as broad or as narrow as the parties agree to make it.
It's also customary to sign a release in a settlement agreement. The release of all claims form releases the other party from liability, meaning that you cannot pursue further legal action after accepting the settlement. It's important that you understand how a release of claims form will affect your legal options.
An agreement of release will only be enforceable if it is valid. Generally, release agreements are valid and enforceable under circumstances such as: When the attempt to excuse one party from liability is expressed in clear, definite, and unambiguous language in the agreement.