Release of Liability
/ˈriːlɪs əv laɪəˈbɪləti/
Definitions
- (n.) A legal agreement whereby one party relinquishes the right to make any claims against another party, typically in exchange for compensation or settlement.
The plaintiff signed a release of liability to resolve the dispute without further litigation.
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Commentary
Often used to prevent future lawsuits by clearly outlining the scope of rights being waived; precise drafting is essential to avoid ambiguity about which claims are released.
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.