Release of Claims
/ˈriːlɪs əv kleɪmz/
Definitions
- (n.) A contractual agreement whereby one party relinquishes the right to bring future claims against another party, typically in exchange for consideration.
The settlement included a release of claims preventing the employee from suing the company later.
Forms
- release of claims
Related terms
See also
Commentary
Ensure the release explicitly describes the scope of claims covered to avoid ambiguity and potential future litigation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.