Partial Repayment of Debt Release
From LawDepot Law Library
Definition of "Partial Repayment of Debt Release"
A Partial Repayment of Debt Release is a general release tailored for use as a debt settlement between two parties. The Releasing Party agrees to accept less than they are legally due as a trade-off for reaching a final settlement. Generally, this release is used for disputes resulting from the sale of goods or services.
