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Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers. Sample 2.
(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.
In other words, you're signing a document that requires the other party to pay you in exchange for the other party being released from responsibility for the accident. A release form should contain the following information about your claim: Identification of the parties involved.
A Release Agreement, also sometimes called a Release Form or a Waiver, is a document that is used when one party needs to release the other from liability - in other words, Release Agreements are normally signed after there has been some sort of incident that damages one party (the damage can be physical or financial
Release agreement is a type of legal written document executed by an employer and signed by an employee whereby the employee relinquishes certain rights in exchange for some form of consideration, such as a benefit the employee would not have otherwise received had he or she not been discharged.
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).
A legal release is a legal instrument that acts to terminate any legal liability between the releasor and the releasee(s), signed by the releasor. A release may also be made orally in some circumstances.
A document by which a claim or right is relinquished. A general release is used for full and final settlements. In a general release, all possible claims against all possible persons who might be liable for the plaintiff 's injuries are settled.
(18) The term discharge or release includes (A) retirement from the active military, naval, air, or space service, and (B) the satisfactory completion of the period of active military, naval, air, or space service for which a person was obligated at the time of entry into such service in the case of a person who, due