Release by Creditor
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Release to be given by a Creditor in exchange for payment of debt in full satisfaction of payment obligation.
Details:

Release to be given by a Creditor in exchange for payment of debt in full satisfaction of payment obligation.

Form Outline:

Release by Creditor

TO:

Name of Person Being Released from Obligation (the "Releasee")

SETTLEMENT AMOUNT:

$Amount of Payment to Creditor (the "Settlement Amount")

FROM:

Name of Creditor (the "Releasor")

In consideration of the payment of the Settlement Amount by the Releasee to the Releasor... the Releasor hereby agrees as follows:

That the Settlement Amount represents...  ; and

That the Releasor hereby releases and forever discharges...  

This Release shall enure to the benefit...  

Credit & Collection Forms

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