I want to ask about a specific clause on a Release and Agreement form template I found online. Clause 4: "By executing this release Releasor give up any claim that he or she may now or hereafter have against any person, firm or corporation other than Releasee and those persons and entities specified in Clause 7." Clause 7: "In executing this release Releasor additionally intends to bind his or her spouse, heirs, legal representatives, assigns, and anyone else claiming under him or her. Releasor has not assigned any claim arising from the accident described in Clause 2 to any other party. This release applies to Releasee's heirs, legal representatives, insurers, and successors, as well as to Releasee. What does Clause 4 mean, does it put me at a disadvantage?How should I reword it?
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