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A written contract in which one or more parties agree to give up legal causes of action against the other party in exchange for adequate consideration (that is, something of value to which the party releasing the legal claims is not already entitled).
When a case is settled, the document that brings the case to a close is sometimes referred to as a "full and final release". These words mean that there is no going back.
A settlement agreement is a legally-binding document both parties sign, agreeing to end the dispute and dismiss their claims. It's also customary to sign a release in a settlement agreement.
"Locus Sigilli", Latin for the place of the seal, denotes the area on a contract where the seal is to be affixed. By the 19th century, embossed or impressed seals, and the use of the initials L.S., replaced wax seals in most jurisdictions.
A release of all claims form is exactly what it sounds like: it is a document that absolves the parties of any liability for an accident. Once this form is signed, it is no longer possible for an injured accident victim to pursue a personal injury claim against the at-fault driver.