Affidavit of Quitclaim and Release: Meaning, Purpose, and Sample Form
An Affidavit of Quitclaim and Release is a sworn document voluntarily executed by an individual (usually an employee, claimant, or contracting party) to acknowledge receipt of a settlement or compensation and to release the other party from any further claims, demands, or liabilities. This affidavit is widely used in employment termination, settlement agreements, contract disputes, and financial claims.
By signing a quitclaim, the affiant affirms that they have received all benefits or entitlements due to them and that they no longer have pending claims against the employer, company, or person involved. However, for a quitclaim to be valid, it must be executed freely, voluntarily, and without coercion.
When Is an Affidavit of Quitclaim and Release Used?
This affidavit is commonly used in the following situations:
- Employment resignation or termination settlements.
- Final pay and release of benefits.
- Resolution of disputes involving unpaid compensation.
- Settlement of contractual obligations.
- Release of claims in property or financial disputes.
- Any agreement where a party waives future claims.
It is also widely required by HR departments, corporate offices, financial institutions, and legal agencies before completing documentation or releasing final payments.
What Should Be Included in an Affidavit of Quitclaim and Release?
A valid Affidavit of Quitclaim and Release typically includes:
- Full details of the affiant.
- Description of employment, contract, or agreement.
- Amount received or settlement details.
- Acknowledgment that benefits were fully received.
- Statement releasing the other party from all claims.
- Declaration that the affidavit is voluntary.
- Affiant’s signature and notarization section.
Courts uphold quitclaims as long as they are not obtained through fraud, coercion, or unfair conditions.
Sample Affidavit of Quitclaim and Release (Editable Template)
Below is a clear and professional template you can edit. Replace all bracketed information as needed.
REPUBLIC OF THE PHILIPPINES
[CITY / MUNICIPALITY]
[PROVINCE]
AFFIDAVIT OF QUITCLAIM AND RELEASE
I, [FULL NAME OF AFFIANT], of legal age, [citizenship], [civil status], and residing at [complete address], after being duly sworn in accordance with law, hereby declare and state:
1. That I was formerly employed/contracted under [Company/Employer/Agency Name] as [Position/Role] from [Start Date] to [End Date].
2. That I acknowledge receiving the total amount of [Amount in Words and Figures] as my full and final settlement, representing payment for [Final Pay/Benefits/Compensation/Contract Settlement].
3. That I confirm that I have received all compensation and benefits due to me, including but not limited to salaries, allowances, overtime, incentives, last pay, and any other benefits stipulated under my employment or contract.
4. That I hereby release, discharge, and forever quitclaim [Company/Employer/Agency Name], its officers, directors, employees, and representatives from any and all claims, actions, liabilities, or demands of whatever nature arising out of my employment or contractual relationship.
5. That I execute this affidavit freely and voluntarily, without force, intimidation, or pressure from any person or entity.
IN WITNESS WHEREOF, I have hereunto set my hand this [day] day of [month, year] at [place of execution].
_________________________________
[FULL NAME OF AFFIANT]
Affiant
SUBSCRIBED AND SWORN to before me this [day] of [month, year] at [place], affiant presenting the following proof of identity:
ID Type and Number: [ID Number]
Date & Place of Issuance: [details]
_________________________________
NOTARY PUBLIC
Doc. No. _____;
Page No. _____;
Book No. _____;
Series of _____.
Disclaimer: A quitclaim must be voluntary and supported by lawful consideration. Some disputes may require legal review even after executing a quitclaim.