Quitclaim (noun)

A legal document that transfers ownership or interest in a property or asset from one person (the grantor) to another person (the grantee), without any warranty or guarantee of title from the grantor.

Origin:

From middle english 'quiteclayme', from anglo-french 'quiteclame', from quite 'quit, free' + clamer 'to claim'.

Examples:

1. The previous owner signed a quitclaim when he sold the house to me.
2. My ex-husband signed a quitclaim deed to give up his ownership in the property.
3. The company required all employees to sign a quitclaim to release any claims to intellectual property created during their employment.