Legal Definitions - securitas

Securitas refers to the state of being free from an obligation, liability, or legal claim, typically after a specific duty or performance has been completed. It signifies a release from a prior commitment or responsibility, providing assurance that no further demands related to that matter will be made.

• Example 1: Completion of a Service Contract

  Imagine a landscaping company hired to design and install a new garden for a client. Once the project is finished, the client inspects the work, confirms it meets the agreed-upon specifications, and makes the final payment. At this point, the landscaping company achieves securitas regarding that specific project. This means they are free from further contractual obligations or liabilities directly related to the initial installation, assuming all agreed-upon conditions were met.

• Example 2: Fulfillment of a Debt Obligation

  Consider an individual who borrowed money from a friend to cover an unexpected expense. After diligently making repayments over several months, the individual pays back the entire amount. Once the friend confirms receipt of the final payment and acknowledges that the debt is settled, the borrower achieves securitas from that financial obligation. They are now free from the liability associated with that specific loan.

• Example 3: Resolution of a Legal Claim

  Suppose a small business faced a claim from a former employee regarding unpaid wages. After negotiations, both parties agree to a settlement where the business pays a specific amount, and the employee signs a document releasing the business from any further claims related to their employment. Once the payment is made and the release is formally executed, the business achieves securitas concerning that specific wage dispute. They are released from further legal claims or liabilities against them by that former employee on that particular matter.