A release agreement is used when both parties come to terms to release the other party from its liability in exchange for an offer. This type of agreement also acts as a waiver in abolishing a contract and agreed for mutual release between the other entities.
When it comes to drafting a legal document such as this release agreement, you must clearly well-outline your main conditions. It must be readable with simple words and sentences so that both parties can fully grasp the main point. If you haven’t made one agreement yet, then better make use of the sample agreements online or download a template.
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