A release or release agreement is a document or other enforceable agreement that releases one party from further liability to another—or releases two or more parties from further liability to each other. A release is typically signed or executed by the parties following an incident, claim, or lawsuit in which one party (the releasing party) claims another party (the released party) caused physical, financial, or emotional damage to the releasing party.
A release is typically included in a settlement agreement to resolve such claims before, during, or after a lawsuit is filed involving the incident or claim. The release is typically given by the releasing party in exchange for the released party paying money or giving or doing something else of value that the releasing party will accept in exchange—even an apology may be given in exchange for a release if the releasing party is willing to accept the apology in exchange for the release.
In Texas, a release or release agreement is a legally binding document that absolves one or more parties from further legal responsibility to another party. These agreements are commonly used to settle disputes involving personal injury, property damage, or other claims of harm or loss. The release is often part of a settlement agreement, which may be reached before, during, or after litigation. The party providing the release (releasing party) typically agrees to not pursue any further legal action in exchange for compensation, which could be monetary or another form of valuable consideration, such as property or an apology. Texas law requires that release agreements be clear, specific, and unambiguous in their terms to be enforceable. Additionally, the release must be supported by adequate consideration and entered into knowingly and voluntarily by the parties involved. It is important for individuals in Texas to understand the implications of signing a release agreement, as it generally means waiving the right to seek any further legal remedy for the incident in question.
