Class Releases Clause Samples
A Class Releases clause serves to formally release or discharge a defined group or class of individuals or entities from certain claims, liabilities, or obligations. In practice, this clause typically applies in contexts such as class action settlements, where all members of a specified class agree to relinquish their rights to pursue further legal action related to the subject matter of the agreement. By implementing a Class Releases clause, parties ensure comprehensive resolution of disputes for the entire class, preventing future litigation on the same issues and providing finality and certainty to all involved.
Class Releases. 2 On the Effective Date, if it occurs, the Releasing Parties shall be deemed to have, and by 3 operation of this Settlement Agreement shall have, fully, finally and forever released, relinquished 4 and discharged the Released Parties from any and all of the Class Released Claims.
Class Releases. The Final Approval Order shall provide that, upon payment of each of the amounts set forth in paragraphs 14 and 15 above, the “Class Releases” attached hereto as Exhibit F will be deemed effective and binding on the Modified Shy Class and its members.