What is the purpose of a "Release of all claims" document in settlement cases?

The purpose of a "Release of all claims" document in settlement cases is to signify that no future claims will be made for the same incident. This document is crucial because it provides legal closure, ensuring that the parties involved cannot pursue further legal action related to the settled issue. By signing this release, the claimant acknowledges that they have received compensation and agree not to seek additional damages or claims in the future regarding the same circumstance. This protects the party providing the settlement from any ongoing liability and promotes finality in the resolution of the matter.

The other options, while relevant to the overall context of a settlement, do not capture the primary purpose of the release document, which is to prevent future claims related to the incident in question.