Formally conclude agreements with our termination of agreement and release template. Prevent future disputes and ensure clarity for all parties involved.This free sample is to assist HR professionals with creating a Termination Release Form. Full and Final Releases are used to release another party from all claims, current or future, arising or resulting from a specific event or circumstance. Stay protected from unexpected legal claims with a free Release of Liability Form. Customize, print, or download your form in minutes. A termination and release agreement is a contract that is used when two parties mutual agree to end a legal contract. A release of liability or waiver is a legal document that a person signs to acknowledge the risks involved in a particular activity.