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Simple English definitions for legal terms
releasor
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A quick definition of releasor:
Term: RELEASOR
Definition: A releasor is someone who gives up their ownership or right to something to someone else. It can also mean someone who gives up their right to make a claim against someone else. Another word for releasor is releaser.
A more thorough explanation:
Definition: A releasor is a person who gives up their ownership or right to something to another person. It can also refer to someone who gives up their claim to something.
Example 1: John signed a document as a releasor, giving up his claim to the inheritance left by his late grandfather.
Example 2: The company required the releasor to sign a waiver before participating in the dangerous activity.
These examples illustrate how a releasor can give up their rights or claims to something. In the first example, John gave up his claim to the inheritance, while in the second example, the releasor signed a waiver to give up their right to sue the company in case of an accident.