contract and release

A “contract” is a legally binding agreement between two or more parties that outlines their rights and obligations. It sets the terms for what each party is expected to do, and if someone doesn’t fulfill their part, the other can seek legal remedies. A “release” is a document in which one party agrees to relinquish their right to pursue legal action against another, often after an agreement or settlement. Essentially, a release waives future claims, providing both parties clarity and protection from potential disputes related to the matter.