The phrase "release from liability" is correct and can be used in written English.
It is commonly used in legal or business contexts to refer to the act of relieving a person or entity from any responsibility or obligation for possible damages or harm. Example: The company requires all participants to sign a waiver form, which releases them from liability in case of any injuries during the event.
It's a good bet that the banks want a comprehensive release from liability relating to MERS.
Under the proposed terms, the release from liability would be in exchange for refinancing underwater home loans.
In exchange for a wide release from liability, they get a decent salary for not a lot of work.
Most of the company's former schools have been sold, and Corinthian attempted to sell Heald as well but was blocked by California attorney general Kamala Harris's refusal to provide prospective buyers with a release from liability.
Lawyers who have examined this issue say it would be unprecedented to grant a broad release from liability to the banks that own MERS from claims that have not been investigated.
NEW YORK TIMES Standing Up to Banks | As they work with the federal government to settle allegations that the nation's big banks illegally foreclosed on homeowners, state attorneys general, some of whom have raised questions about the adequacy of the investigation, should refuse to offer the banks a broad release from liability, The New York Times editorial board writes.
"With both men leaving the company, we were afraid we'd end up with them being released from liability," she said.
And, the report noted pointedly, "the S.B.A. is released from liability on the guaranty, in whole or in part, if the lender fails to comply materially with any of the provisions of the regulations" or does not otherwise act "in a prudent manner".
The Chrysler plan raises a question about why the new Chrysler, the successor to the old company, should be released from liability for product defects at the expense of consumers who may suffer future harm, said Norman I. Silber, a law professor at Hofstra University who specializes in consumer law.
Other parties involved in the case the title insurer and the closing agent would also be released from liability under the settlement.
Just because your criminal history report contains errors does not mean that you will be released from liability for any offenses for which you were actually convicted.
