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 Virginia, a release or release agreement is a legally binding document that absolves one or more parties from further liability to another party or each other. This type of agreement is commonly used to settle disputes involving allegations of harm or damage, such as physical injury, financial loss, or emotional distress. The party who believes they have been wronged (the releasing party) agrees not to pursue any further legal action against the party they believe is responsible (the released party), often in exchange for compensation. This compensation can take various forms, including monetary payment, property transfer, services, or even an apology, depending on what the parties agree upon. Releases are often part of a larger settlement agreement and can be executed before, during, or after litigation has commenced. Virginia law requires that such agreements be entered into knowingly and voluntarily by the parties, and they must be clear and unambiguous in their terms to be enforceable. It is advisable for parties to consult with an attorney before signing a release agreement to ensure that their rights and interests are adequately protected and that they fully understand the implications of the agreement.