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Release Of Liability - Our release of liability document would be used any time there is a current and existing claim between two parties and the person who is liable, is being released from any further claims. An example of this would be an accident where a driver of a vehicle hits a person on a bicycle. The two parties agree that the driver of the vehicle will pay the rider of the bicycle $150 per month for five years for damages. After three years, the rider of the bicycle has fully recovered and feels that she does not need any further compensation, therefore releases the driver of the vehicle from any further liability.

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