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This document sets forth an agreement to permanently resolve all potential legal issues between two parties and includes a provision whereby the aggrieved party releases all claims, known and unknown, against the offending party. The aggrieved party agrees not to file or pursue any claims and to use its best efforts to dismiss, withdraw or otherwise terminate any claims relating to the events described. This document should be used by parties that are seeking to settle a dispute.
This document sets forth an agreement to permanently resolve all potential legal issues between two parties and includes a provision whereby the aggrieved party releases all claims, known and unknown, against the offending party. The aggrieved party agrees not to file or pursue any claims and to use its best efforts to dismiss, withdraw or otherwise terminate any claims relating to the events described. This document should be used by parties that are seeking to settle a dispute. General Release of Liability Agreement This General Release of Liability Agreement (“Release Agreement”) is made on __[Date]__ by and between __[Party 1]__ of __[Address]__, __________, __________ __________ and __[Party 2]__ of __[Address]__, __________, __________ __________ (hereinafter collectively referred to as the “Parties”). __[Party 1]__, for and in consideration of the payment of _[Payment Amount]_, receipt and sufficiency of which is hereby acknowledged, does hereby forever release and discharge __[Party 2]__ from any and all claims or causes of action which __[Party 1]__ now has or may have because of the incident that occurred on __[Date of Incident]__ (the “Incident”), and is further described as follows: [Description of Incident] It is hereby further understood and agreed by __[Party 1]__ that the settlement between the Parties of any disputes that may currently exist or that may exist in the future may be a compromise of doubtful and disputed claims and therefore it is specifically acknowledged that the consideration exchanged is not to be construed as an admission of liability on the part of the party being released, and that any such liability is expressly denied herein by __[Party 2]__. It is also hereby further understood and agreed that this Release Agreement discharges all liability between __[Party 1]__ and __[Party 2]__ as identified herein only. The Parties expressly reserve the right to pursue other claims or causes of action against all others who are or may be liable in the above-referenced Incident, except as otherwise set forth herein. The Parties agree they will keep the fact, terms, negotiation, and amount of this Release Agreement completely confidential and that they will not disclose any information concerning this Release Agreement to anyone, provided either party may make such disclosures as are required by law and as are necessary for legitimate enforcement or tax compliance purposes. Notwithstanding the foregoing, each of the Parties may discuss the fact, terms, negotiation and amount of this Release Agreement with their respective attorneys, accountants and to the extent necessary to enter into this Release Agreement, employees and/or directors and/or officers, subject to any such additional persons being subject to this confidentiality clause. This Release Agreement shall be binding upon the parties and their heirs, administrators, representatives, executors, successors, and assigns, and shall inure to the benefit of the Parties and each of them and to their heirs, administrators, representatives, executors, successors, and assigns. Should any provision of this Release Agreement be declared or be determined by any court of competent jurisdiction to be illegal, invalid, or unenforceable, the legality, validity, and enforceability of the remaining parts, terms, or provisions shall not be affected thereby, and the illegal, unenforceable, or invalid part, term, or provision shall be deemed not to be a part of this © Copyright 2013 Docstoc Inc. registered document proprietary, copy not 2 Release Agreement to the extent same shall be declared or determined to be illegal, invalid or unenforceable. This Release Agreement sets forth the entire agreement between the Parties and fully supersedes any and all prior agreements or understandings, written or oral, between the parties pertaining to the subject matter hereof. This Release Agreement shall be governed by the laws of the State of __[State]__ to the extent not preempted by federal law. This Release Agreement shall be interpreted in accordance with the plain meaning of its terms and not strictly for or against any of the parties. Each party individually represents that he or she has had the opportunity to consult with an attorney, and has carefully read and understands the scope and effect of the provisions of this Release Agreement. Neither party has relied upon any representations or statements made by the other party hereto which are not specifically set forth in this Release Agreement. This Release Agreement is executed voluntarily and without any duress or undue influence on the part or behalf of the Parties hereto, with the full intent of releasing all claims. The Parties, individually, acknowledge that: (a) They have read this Release Agreement; (b) They have been represented in the preparation, negotiation, and execution of this Release Agreement by legal counsel of their own choice or that they have voluntarily declined to seek such counsel and they have in no way been prevented from having legal counsel of their own choice represent them in this matter; (c) They understand the terms and consequences of this Release Agreement and of the releases it contains; (d) They are fully aware of the legal and binding effect of this Release Agreement. This Release Agreement is a legally valid, binding and enforceable obligation of the Parties in accordance with its terms. This Release Agreement may be executed in one or more counterparts, including by facsimile, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. This Release Agreement is executed as of __[Date]__. ____________________________ __[Party 1]__ ____________________________ __[Party 2]__ © Copyright 2013 Docstoc Inc. registered document proprietary, copy not 3
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