This General Release Agreement (hereinafter "Agreement") is entered into and made effective as of ________ by and between ________ (hereinafter "Releasor"), having a principal address at the following:
and ________ (hereinafter "Releasee"), having a principal address at the following:
Releasor and Releasee may be referred to individually as "Party" and collectively as the "Parties."
In consideration of the obligations and covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties do contract and agree as follows:
ARTICLE 1 - RELEASE:
Releasor hereby releases and discharges Releasee and Releasee's spouse, heirs, assigns, successors, officers, employees, agents, executors, partners, administrators or any other legal representatives along with anyone claiming through them (hereinafter, collectively, the "Released Parties"), in their individual capacity or in their business capacities, of all claims, causes of actions, liabilities, disputes, demands, damages, agreements, contracts, obligations, promises, debts, and/or accounts of any kind or any nature, whether currently known or unknown, for any damage, loss, or injury of or relating to the Incident, as defined below, which Releasor has or ever had or may have in the future against Releasee or any of the Released Parties (hereinafter the "Release").
ARTICLE 2 - INCIDENT DETAILS:
The Release relates to the following incident (the "Incident"), the details of which are as follows:
The Incident took place on or around the following date: ________ .
ARTICLE 3 - CONSIDERATION:
In consideration for the Release, Releasee will pay the following amount to Releasor: $ ________ (________).
ARTICLE 4 - NO ADMISSION:
The Release, or the existence of this Agreement, shall not be construed as an admission of wrongdoing by Releasee in relation to Releasor or any other person or entity. The Release shall also not be construed as an admission of liability or responsibility by Releasee and the Release does not indicate that Releasor has any actionable rights against Releasee.
ARTICLE 5 - FINAL SETTLEMENT:
Releasor hereby acknowledges and agrees that the Release is intended to fulfill and fully satisfy any obligations owed by Releasee to Releasor. Releasor agrees that Releasor will not make any claim or take any action relating to the Incident against Releasee.
ARTICLE 6 - MUTUAL UNDERSTANDING:
The Parties both understand, acknowledge and agree that this Release is a final settlement for any and all claims or actions relating to the Incident and that each Party has had the opportunity to carefully review the terms of this Release and/or have it examined by an attorney if so desired. The Parties are entering into this Agreement voluntarily.
ARTICLE 7 - 585585 828552585:
5588 825222222 82282825228 252 222852 525222222 8228222 252 2552828 525 8522582528 522 25825 25 822222225522258 52525825258228, 8522525 8582222 25 2558.
ARTICLE 8 - GOVERNING LAW:
This Agreement shall be governed in all respects by the laws of the state of Alabama and any applicable federal law.
State of Alabama
County of: ______________________________
On this _____ day of ________________________________________, 20__, before me, personally appeared _____________________________, to me known to be the person described in and who executed the foregoing instrument , 525 582228825225 2552 2522 25285225 82 58 25285 2522 582 525 5225.
Notary Signature, Printed Name, and Notary/Bar Roll Number
On this _____ day of ________________________________________, 20__, before me, personally appeared _____________________________, to me known to be the person described in and who executed the foregoing instrument , 525 582228825225 2552 2522 25285225 82 58 25285 2522 582 525 5225.
Notary Signature, Printed Name, and Notary/Bar Roll Number
Preview your documentGeneral Release Agreement
State of Alabama
This General Release Agreement (hereinafter "Agreement") is entered into and made effective as of ________ by and between ________ (hereinafter "Releasor"), having a principal address at the following:
and ________ (hereinafter "Releasee"), having a principal address at the following:
Releasor and Releasee may be referred to individually as "Party" and collectively as the "Parties."
In consideration of the obligations and covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties do contract and agree as follows:
ARTICLE 1 - RELEASE:
Releasor hereby releases and discharges Releasee and Releasee's spouse, heirs, assigns, successors, officers, employees, agents, executors, partners, administrators or any other legal representatives along with anyone claiming through them (hereinafter, collectively, the "Released Parties"), in their individual capacity or in their business capacities, of all claims, causes of actions, liabilities, disputes, demands, damages, agreements, contracts, obligations, promises, debts, and/or accounts of any kind or any nature, whether currently known or unknown, for any damage, loss, or injury of or relating to the Incident, as defined below, which Releasor has or ever had or may have in the future against Releasee or any of the Released Parties (hereinafter the "Release").
ARTICLE 2 - INCIDENT DETAILS:
The Release relates to the following incident (the "Incident"), the details of which are as follows:
The Incident took place on or around the following date: ________ .
ARTICLE 3 - CONSIDERATION:
In consideration for the Release, Releasee will pay the following amount to Releasor: $ ________ (________).
ARTICLE 4 - NO ADMISSION:
The Release, or the existence of this Agreement, shall not be construed as an admission of wrongdoing by Releasee in relation to Releasor or any other person or entity. The Release shall also not be construed as an admission of liability or responsibility by Releasee and the Release does not indicate that Releasor has any actionable rights against Releasee.
ARTICLE 5 - FINAL SETTLEMENT:
Releasor hereby acknowledges and agrees that the Release is intended to fulfill and fully satisfy any obligations owed by Releasee to Releasor. Releasor agrees that Releasor will not make any claim or take any action relating to the Incident against Releasee.
ARTICLE 6 - MUTUAL UNDERSTANDING:
The Parties both understand, acknowledge and agree that this Release is a final settlement for any and all claims or actions relating to the Incident and that each Party has had the opportunity to carefully review the terms of this Release and/or have it examined by an attorney if so desired. The Parties are entering into this Agreement voluntarily.
ARTICLE 7 - 585585 828552585:
5588 825222222 82282825228 252 222852 525222222 8228222 252 2552828 525 8522582528 522 25825 25 822222225522258 52525825258228, 8522525 8582222 25 2558.
ARTICLE 8 - GOVERNING LAW:
This Agreement shall be governed in all respects by the laws of the state of Alabama and any applicable federal law.
State of Alabama
County of: ______________________________
On this _____ day of ________________________________________, 20__, before me, personally appeared _____________________________, to me known to be the person described in and who executed the foregoing instrument , 525 582228825225 2552 2522 25285225 82 58 25285 2522 582 525 5225.
Notary Signature, Printed Name, and Notary/Bar Roll Number
On this _____ day of ________________________________________, 20__, before me, personally appeared _____________________________, to me known to be the person described in and who executed the foregoing instrument , 525 582228825225 2552 2522 25285225 82 58 25285 2522 582 525 5225.
Notary Signature, Printed Name, and Notary/Bar Roll Number
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