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 Oklahoma, a release or release agreement is a legally binding document that absolves one or more parties from further legal responsibility to another party. These agreements are commonly used to settle disputes involving personal injury, property damage, or other claims of harm or loss. The party that is potentially liable (the released party) typically offers compensation or another form of consideration, such as an apology, to the party that has been harmed (the releasing party). In exchange, the releasing party agrees not to pursue any further legal action related to the incident. It's important to note that for a release to be enforceable in Oklahoma, it must be clear, specific, and agreed upon by all parties involved. Additionally, the release should be supported by adequate consideration. Oklahoma courts will generally uphold such agreements if they are entered into freely and voluntarily, without fraud, duress, or undue influence, and if they comply with the law.