Statement Of Release Form

Statement Of Release Form Template for United States

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Key Requirements PROMPT example:

"I need a Statement of Release Form for my rock climbing business to release us from liability for any accidents during our guided tours, ensuring compliance with Colorado state laws and including specific coverage for equipment usage."

Document background

The Statement of Release Form is a crucial legal instrument used across various sectors in the United States when one party needs to formally relinquish claims or rights against another. This document is commonly used in settlement agreements, liability waivers, and dispute resolutions. It must clearly identify the parties involved, specify the rights being released, and include valid consideration to be legally binding. The form should be drafted in compliance with applicable state laws and may require notarization depending on jurisdiction.

Suggested Sections

1. Identification of Parties: Names, addresses, and legal designation of both the releasing and released parties

2. Statement of Release: Clear and unambiguous description of what claims, rights, or obligations are being released

3. Consideration: Details of the compensation or value being provided in exchange for the release

4. Date and Signatures: Execution details, signature blocks, and any witness or notary requirements

Optional Sections

1. Confidentiality Clause: Terms requiring parties to maintain confidentiality about the release and its terms

2. Non-Disparagement: Provisions preventing parties from making negative statements about each other

3. Future Claims Waiver: Language specifically waiving unknown future claims that may arise from the same incident

Suggested Schedules

1. Description of Incident: Detailed account of the event, accident, or circumstances leading to the release

2. List of Released Claims: Comprehensive itemization of specific claims, rights, or obligations being released

3. Payment Schedule: Details of payment terms if consideration involves multiple payments or installments

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Effective Date

Confidential Information

Clauses

Relevant Industries

Healthcare
Employment
Real Estate
Sports/Recreation
Entertainment

Relevant Teams

Legal
Human Resources
Risk Management
Operations
Compliance

Relevant Roles

Human Resources Manager
Risk Manager
Legal Counsel
Operations Manager
Compliance Officer

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Authors

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