Unilateral Liability Release Template

This unilateral liability release template has 2 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our unilateral liability release template:

UNILATERAL LIABILITY RELEASE This Unilateral Liability Release (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Payer"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [CLAIMANT NAME] (the "Claimant"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS WHEREAS, the Claimant holds claims against the Payer for [DESCRIBE the Indebtedness]; and WHEREAS, Payer hereby agrees to [DESCRIBE] in return for a release of its Indebtedness to Claimant. NOW THEREFORE, in consideration of the payment of [AMOUNT], receipt of which is acknowledged, the Claimant hereby finally and irrevocably releases the Payer from all liability to the Claimant, and settles all actions or causes of action against the Payer, for damages, loss or injury sustained by the Claimant, however arising, present and future, known and unknown at this time, relating to [DESCRIBE POTENTIAL LIABILITY SITUATION]. TERMS