In what circumstances does a liability release apply?

A liability release applies in circumstances when a "Releasor", the person filing the release, is absolving the Releasee of all actions, suits, liabilities and claims. They are used when one wants to release someone from liability. For example, if one is in a hit and run accident and does not want to press charges, they may file a liability release to state that you do not hold them liable for damages resulting.