This document is useful in the event that parties opposed by a dispute agree to pay a sum of money in order to settle their dispute and thus avoid any legal action.
The party who pays the other has every interest in obtaining this release from the latter so it can officially acknwoledge the receipt of the payment and commit not to pursue any legal action or proceedings against the paying party in connection with such dispute.
For a more complex situation, we are able to refer you to alegal advisor.
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