Keywords: New York Release and Indemnity Agreement, Settlement of Small Claims Case, types Description: A New York Release and Indemnity Agreement for Settlement of Small Claims Case is a legal document that outlines the terms and conditions of a settlement between parties involved in a small claims case in the state of New York. This agreement serves as a written contract to resolve the dispute, releasing the defendant from further liability while ensuring indemnification for any future claims related to the matter. The document typically includes important details such as the names and addresses of the parties involved, the case number, the court where the small claims case was filed, and a description of the underlying dispute. It elaborates on the terms of settlement reached, including any monetary amounts to be paid by either party, if applicable. There might be different types of New York Release and Indemnity Agreements depending on the nature of the small claims case. Some common types include: 1. General Release: This type of agreement is used when the parties want to release each other from all claims, known or unknown, arising from the small claims case. It provides a broad release of liability, providing final closure to the dispute. 2. Limited Release: Sometimes, parties may choose to limit the release of liability in specific areas while settling the small claims case. This type of agreement allows for a partial release, protecting certain rights or claims while still resolving the immediate dispute. 3. Mutual Release: In cases where both parties have claims against each other, a mutual release agreement can be utilized. This agreement ensures that each party releases the other from all claims and potential counterclaims related to the small claims case. 4. Conditional Release: A conditional release agreement is used when the settlement terms require certain conditions to be fulfilled before the release becomes effective. For example, one party may agree to release the other only after receiving payment or the completion of specific actions. The New York Release and Indemnity Agreement for Settlement of Small Claims Case is an essential legal document that protects the rights and interests of the parties involved while bringing closure to the dispute. It is crucial to consult with a qualified attorney to ensure the agreement accurately reflects the intentions and protects the rights of the parties involved in the small claims case.