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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 is a mutual general release?

A Mutual Release Agreement is a straightforward document that allows you to settle disputes quickly and professionally. No matter what your dispute, a Mutual Release Agreement allows both parties to agree to drop all claims and get out of the contract.

What is a general release of all claims?

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 is the purpose of a release?

Releases are very often used to ensure that litigation] is terminated when a settlement or compromise between the plaintiff(s) and defendant(s) is reached. A general release may release any claims known or unknown that the releasor may have against the releasee.

What is a general release payment?

A \u201cgeneral\u201d release means a release from \u201call\u201d claims. In essence, a party is releasing another party (potentially the at-fault party) of all claims, liability, and recourse it may have. Typically the release will be worded in such a way to include \u201cpast, present and future\u201d possible claims.

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