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 Wyoming, 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 without going to trial and can be executed before, during, or after litigation. 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 wronged (the releasing party). The compensation is provided in exchange for the releasing party agreeing not to pursue any further legal action on the matter. It is important for parties in Wyoming to understand that a release agreement must be clear, specific, and made with the full consent of all parties involved. Additionally, the terms of the release must be fair and reasonable, and the agreement must comply with Wyoming state statutes and federal law to be enforceable. It is advisable for parties to consult with an attorney to ensure that their rights and interests are adequately protected when entering into a release agreement.