Releasee

A releasee is an individual or entity who is the recipient of a release, meaning they are freed from a claim, liability, or obligation, typically through a legal agreement. This person or organization benefits from the release, gaining protection against future lawsuits or demands related to a specific event or situation. They are essentially the party being shielded from legal or financial repercussions. The act of being a releasee implies an agreement, often formal, where another party (the releasor) relinquishes their rights or claims. The implications of being a releasee can vary widely, from simple waivers of liability for recreational activities to complex settlements involving significant financial transfers. It's important to understand the specific terms of the release agreement to fully comprehend the rights and responsibilities involved.

Releasee meaning with examples

• After a car accident, the insurance company acted as the releasee, securing a signed release from the other driver. This protected the company from potential future claims related to the incident, ensuring they weren't pursued for further compensation or legal action beyond the settled amount.
• In a construction project dispute, the general contractor, acting as the releasee, secured releases from several subcontractors. This action shielded the contractor from potential lawsuits stemming from project delays, material defects, or disagreements over payment terms, minimizing their financial risk.
• A company that hosts a sporting event uses a liability waiver, with the company being the releasee. Spectators sign these waivers acknowledging risks and releasing the company from responsibility for injuries during the game, acting as a shield against potential lawsuits. This helps the event move forward.
• Following a data breach, the company, as the releasee, secured a release agreement from affected customers. This released the company from legal claims pertaining to the breach, assuming the customers were given all the necessary information and chose to sign the document.