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In this legal tip, the speaker emphasizes the importance of using releases in business transactions. A release is a document that one party signs to absolve another from legal liability, effectively waiving any future claims against them. This is particularly relevant in situations where disputes are settled outside of court, such as tenant issues regarding rent or security deposits. Without a release, the other party may reassert claims in the future, potentially long after the initial dispute, depending on statutes of limitations. Therefore, it is advised to obtain a release whenever settling out of court to protect against any future legal actions.