Release

In one sentence

A written agreement giving up a legal right or claim.

Plain English

A release is a document where someone agrees to give up a legal claim or right they have against another person. When you sign a release, you're saying you won't sue or pursue that claim anymore. Releases are common in settlement agreements, after accidents, or when leaving a job. Once signed, you generally cannot go back and pursue the claim later.

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Example

After a car accident, the insurance company offers you $5,000 to settle. You sign a release agreeing not to sue the driver or their insurance company for any injuries or damages from that accident.

Used in a sentence

“The employee signed a release waiving all claims against the company in exchange for a severance package.”

Related terms

Discharge of Contract

The release of both parties from their contractual obligations.

Mutual Rescission

Both parties agreeing to cancel a contract and release each other from all obligations.

Accord

An agreement to settle a dispute by accepting different performance than originally promised.

Satisfaction

The actual completion of the agreed-upon performance in an accord.

Good Faith

An obligation to act honestly and fairly in performing or enforcing a contract.

Entire Agreement Clause

A contract provision stating that the written agreement is the complete and final deal between parties.

Offer

A proposal to enter into a binding agreement on specific terms.

Acceptance

Agreeing to the exact terms of an offer, creating a binding contract.

This page is a plain-English reference and is not legal advice. Laws vary by jurisdiction and change over time. For specific situations consult a licensed attorney.