A release or release agreement is a document or other enforceable agreement that releases one party from further liability to another—or releases two or more parties from further liability to each other. A release is typically signed or executed by the parties following an incident, claim, or lawsuit in which one party (the releasing party) claims another party (the released party) caused physical, financial, or emotional damage to the releasing party.

A release is typically included in a settlement agreement to resolve such claims before, during, or after a lawsuit is filed involving the incident or claim. The release is typically given by the releasing party in exchange for the released party paying money or giving or doing something else of value that the releasing party will accept in exchange—even an apology may be given in exchange for a release if the releasing party is willing to accept the apology in exchange for the release.

In Nevada, a release or release agreement is a legally binding document that absolves one or more parties from further legal responsibility to another party or parties. Such agreements are commonly used to settle disputes involving allegations of harm or damage, whether physical, financial, or emotional. The party that believes they have been wronged (the releasing party) agrees not to pursue any further legal action against the party they believe caused the harm (the released party), often in exchange for compensation or another form of valuable consideration. This could include a monetary payment, property transfer, services, or even an apology, depending on what the parties agree upon. Releases are often part of broader settlement agreements and can be executed before, during, or after litigation has commenced. It is important for parties in Nevada to understand that signing a release agreement typically means waiving the right to sue on the claims covered by the release in the future. Therefore, it is advisable to consult with an attorney before entering into such an agreement to ensure that the terms are fair and that the releasing party fully understands the rights they are relinquishing.