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Settle a claim out of court and waive legal responsibility, often in exchange for compensation.This form is commonly used after a motor vehicle accident, property damage, or injury.
General Release of Liability
THIS GENERAL RELEASE (this "Agreement") dated this ________ day of ________________, ________
BETWEEN:
_______________ of ________________________________________(the "Releasor")
OF THE FIRST PART
AND
______________________ of ________________________________________(the "Releasee")
OF THE SECOND PART
IN CONSIDERATION OF the covenants and agreements contained in this Agreement and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties to this Agreement agree as follows:
IN WITNESS WHEREOF the Releasor and Releasee have duly affixed their signatures under hand and seal on this ________ day of ________________, ________.
_______________________________Releasor
_______________________________WITNESS: ______________________
_____________________________________________________(Releasee)
A Release of Liability is also known as:
A Release of Liability is an agreement between two parties to waive a legal claim. When you waive a claim, you agree not to proceed with legal action in exchange for compensation. Simply put, it is a way to settle a dispute out of court.
A liability release can be used to waive a claim for damages that have already occurred, e.g. after a motor vehicle accident. It can also be used to waive any future claims for injuries or damage. For instance, you may be asked to sign a waiver form before participating in any physical or high-risk activity.
The parties involved in a Release of Liability are:
In some cases, each party may claim the other party is to blame for injuries or damages. If this happens, they can sign a mutual release agreement. If one party is more at fault, they can offer additional compensation.
In general, a Release of Liability is used to release a party from liability in the event of an accident or other incident causing injuries or damage.
More specifically, you can use a release form to:
A general release form should contain the following information:
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