USA Non-Recourse Agreement and Release

Release a corporation's shareholder from liability for a corporate debt with this template Non-Recourse Agreement and Release for US companies.

• The lender releases the shareholder from any personal liability for the corporation’s loan, in return for a lump sum payment from the shareholder.
• The lender agrees not to seek judgment against the shareholder if the corporation defaults under the loan documents.
• The agreement is not to be considered a novation of the indebtedness.

This USA Non-Recourse Agreement and Release form is a Microsoft Word document template and is fully editable to meet your needs.