A general release is a written contract in which one or more parties agree to give up legal causes of action against the other party in exchange for adequate consideration (that is, something of value to which the party releasing the legal claims is not already entitled). General release of claims agreements are used in a variety of business situations and allows a company that is providing a service to reduce their risk of a lawsuit. Some common types of liability subject to a release of claims include: Auto accidents. Activity waivers. Personal property damage. #generalrelease,
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