Simple English definitions for legal terms
Read a random definition: fixed capital
Releasee: A releasee is someone who has been let go or freed from something, either by being physically released or by being discharged from a contract. It can also refer to someone who has been given an estate that was previously held by someone else.
A releasee is a person who has been released from a physical or contractual obligation. It can also refer to a person who has been granted an estate release.
1. John was the releasee in the contract, which meant that he was no longer bound by its terms.
2. Mary inherited a piece of land, but she had to sign a release to transfer ownership to the releasee, her brother.
These examples illustrate how a releasee can be someone who is released from a contract or obligation, or someone who receives a release of an estate. In both cases, the releasee is the person who benefits from the release.