A Waiver or Release Agreement is used when one party voluntarily surrenders a right or privilage, in exchange for money or other compensation. This agreement can apply to several situations, such as waiving the right to sue in the event of personal injury, accidents, or property damage. It can also apply to satisfaction of debts, or cases in which both parties have been involved in a dispute and wish to release any claims against each other.
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Also known as: waiver release agreement contract, personal injury release, damage waiver release form, compensation indemnity
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