Release Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Release, written in plain English, along with examples of how it is used.
What is Release?
(v) release is defined as the action by which a person is relieved of his obligation, liabilities, botheration or bondage of any sort falls up on him either by legal, customary or contractual obligations
History and Meaning of Release
The term "release" refers to the act of relieving a person from an obligation, liability, or bond. This action can be carried out in various contexts, whether they are legal, customary, or contractual, and are usually done to extinguish or discharge any existing bond or obligation between parties. The term release has a long history in the legal world, dating back to ancient times.
In legal context, 'release' is used mainly for the relinquishing of a legal claim or right, or to discharge a debt or obligation. The term's meaning, in practice, has evolved over time. Modern usage has broadened the term to include any type of relief or discharge of obligations, whether legal or not.
Examples of Release
The employee signed a release, indicating that they were no longer going to pursue their legal claim against the company.
The lender signed a release agreement indicating that they would no longer pursue the borrower for the outstanding loan payment.
The victim of a car accident signed a release in exchange for a payment from the driver who caused the accident, agreeing not to sue the driver any longer.
The prisoner was released on parole.
Legal Terms Similar to Release
"Covenant not to Sue" - A legal agreement where one party agrees not to pursue a legal claim against another party in exchange for something of value.
"Settlement Agreement" - An agreement detailing the terms of a settlement between two or more parties.
"Waiver" - A voluntary relinquishment of a legal right or claim.