When you sign a mutual release agreement, make sure you know that you are objecting to your right to make additional claims against the other party. If you learn of a problem after signing the agreement, you still can`t take legal action. However, in some cases, it is worth renouncing this right to avoid a potentially lengthy and costly trial. A general release is a broad exemption from all possible civil actions arising out of a legal dispute. Since the indemnifying party waives all known and unknown claims against the other party, care must be taken to ensure that the indemnifying party is fully aware of its rights. General sharing can be adapted to many different situations. A partial debt repayment is a general release designed to be used as a debt settlement between two parties.

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