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What does a general release mean?

Also known as a general release or release. 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).

What does a general release do?

A general release is a document in which one person releases another from any claims or threats of lawsuits. Franchisors often require franchisees to sign general releases at various points in the relationship to insulate themselves from franchisee lawsuits.

What is the purpose of a general release?

The general release definition is a legal document releasing one party from the right to bring a claim against another party.

What is a release day?

1. the time, as the day, part of the day, and sometimes the hour, on or at which release copy may be published or broadcast. 2. the printed notation of this time on a press release or other advance. [190510]This word is first recorded in the period 190510.

What does it mean general release?

When one party surrenders its right to bring claims against or sue another party, this is a general release. The party that agrees to release the other from any future claims or legal action is called the releasor, while the party being released from the potential legal action is called the releasee.

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