Release/Waiver Agreement

A Release/Waiver Agreement is a form used to ensure that a party will not proceed with a legal claim in exchange for compensation.

A Release agreement is used when two parties settle a legal dispute. Essentially, the release will set out the terms of how the parties have agreed to settle their dispute (eg. one party will pay money to the other party, property will be returned, etc). As part of the settlement, the release document provides that neither party will sue each other or make any further claims against each other.

In other words, the dispute is over and settled. Once the releases have been signed, neither party can come back later and make any demands, lawsuits, or other claims against the other party regarding the subject matter of the release. It is common that each party in a dispute will give the other party a release.

The release will usually include terms covering the following:

Download: Release/Waiver Agreement

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