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