Free Release/Waiver Agreement

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What type of liability is being released?


The General release is a broad release from all possible civil claims resulting from a dispute. Since the Releasing Party is giving up all known and unknown claims against the other party, care should be taken to ensure that the Releasing Party is fully aware of their rights.

Frequently Asked Questions

Who should use a release of liability agreement?A release of liability agreement can be used when there is a mutual agreement by one party to waive their legally enforceable rights against another party.


Your Release/Waiver Agreement

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General Release of Liability

THIS GENERAL RELEASE (this "Agreement") dated this 20th day of September, 2017

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:

  1. Consideration
  2. In consideration of the sum of $0.00 USD, paid by cash, the receipt and sufficiency of which consideration is acknowledged, the Releasor releases and forever discharges the Releasee, the Releasee's spouse, heirs, executors, administrators, legal representatives and assigns from all manner of actions, causes of action, debts, accounts, bonds, contracts, claims and demands for or by reason of any damage, loss or injury to person and property which has been or may be sustained as a consequence of the dispute detailed below.
  3. Details of Dispute
  4. The claim or dispute occurred as a result of: ________________________________________________________________________________________________________________________________________________________________________________________________.
  5. Concurrent Release
  6. The Releasor acknowledges that this release is given with the express intention of effecting the extinguishment of certain obligations owed to the Releasor, and with the intention of binding the Releasor's spouse, heirs, executors, administrators, legal representatives and assigns.
  7. Full and Final Settlement
  8. For the above noted consideration, the parties to this Agreement further agree not to make claim or take proceedings against any other person or corporation which might claim contribution or indemnity under the provisions of any statute or otherwise.
  9. It is declared that the terms of this settlement are fully understood; that the amount or type of consideration stated is the sole consideration for this Agreement and that the sum is accepted voluntarily for the purpose of making a full and final compromise, adjustment and settlement of all claims for injuries, losses and damages resulting or which may result from the above noted dispute.
  10. This Agreement contains the entire agreement between the parties to this release and the terms of this release are contractual and not a mere recital.
  11. No Admission of Liability
  12. It is agreed that the payment is not deemed to be an admission of liability on the part of the Releasee.
  13. Governing Law
  14. This Agreement will be construed in accordance with and governed by the laws of the State of California.

IN WITNESS WHEREOF the Releasor and Releasee have duly affixed their signatures under hand and seal on this 20th day of September, 2017.



_______________________________
Releasor



_______________________________
WITNESS:  ______________________



_______________________________
Releasee



_______________________________
WITNESS:  ______________________



Release of Liability Information

Alternate Names:

A Release of Liability is also known as:

  • Release Form
  • Release Agreement
  • Liability Release
  • Liability Waiver
  • Waiver of Liability

What is a Release of Liability?

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.

Who should use a Release of Liability?

The parties involved in a Release of Liability are:

  • The releasee: the party who is making a payment in order to be released from a possible claim for injuries or damages
  • The releasor: the party who is receiving money or other consideration in exchange for abandoning their claim

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.

What is a Release of Liability used for?

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:

  • Compensate the other driver to release yourself from liability in the event of a car accident where you are at fault
  • Release a contractor from liability if they damage your property while providing a service such as landscaping or roofing
  • Settle a debt where there is a dispute over the amount owed or another aspect of the loan contract
  • Release both you and the other party from liability in the event of a disagreement over who is to blame for injuries or damages (mutual release)
  • Waive any future claims against your company for personal injuries sustained by participants during an athletic event or other potentially hazardous activity

What should be included in a Liability Release form?

A general release form should contain the following information:

  • Type of liability release
  • Releasor and releasee names and contact information
  • Details about the dispute or incident that took place (or in the case of an activity waiver, details about the activity that will be taking place)
  • Compensation details, including amount and type of compensation

Related Documents:

  • Indemnity Agreement: provides compensation from one party to another for the actions of a third party
  • Promissory Note: sets out the terms of repayment between a lender and a borrower
  • Demand Letter: used to request payment or action from another party
  • Guarantee: allows an individual or corporation to take responsibility for the debt or obligations of another party

Frequently Asked Questions:

Release or Waiver Agreement FAQ
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