Ohio Absolute Release With Covenants is a legal document used in the state of Ohio to release parties from all claims, liabilities, and obligations arising from a specific event or transaction. It is a legally binding agreement where the releasing party unequivocally relinquishes any and all rights to pursue any further legal action against the released party. This type of release is often used in various scenarios such as real estate transactions, settlements, business contracts, and personal injury cases. An Ohio Absolute Release With Covenants is commonly employed to provide a definitive resolution and closure to potential disputes or legal conflicts. Within this broader category, there can be different types of Ohio Absolute Release With Covenants depending on the purpose and context of the release: 1. Real Estate Absolute Release: This type of release commonly occurs in real estate transactions where all involved parties, such as buyers, sellers, lenders, and title companies, release each other from any future claims or liabilities associated with the property transfer. 2. Settlement Absolute Release: In legal disputes and settlements, parties often use this type of release to finalize the resolution. It ensures that both parties give up their rights to pursue further legal action and establishes a final settlement amount or resolution without the possibility of reopening the case. 3. Personal Injury Absolute Release: This type of release is utilized in personal injury claims. It releases the defendant or liable party from any future claims or liabilities arising from the incident, typically in exchange for a settlement or compensation agreed upon by both parties. Overall, an Ohio Absolute Release With Covenants serves as a powerful legal tool to release parties from potential claims, liabilities, and obligations, bringing about a sense of finality and legal closure. It is crucial to understand the specifics of the release and consult with a qualified attorney to ensure all parties' rights and interests are protected effectively.