Lets off the hook (7)
'lets off the hook' is the definition.
(I've seen this in another clue)
This is all the clue.
(Other definitions for exempts that I've seen before include "Excuses" , "Frees from liability" , "Lets off" , "Frees from obligation, say jury service" , "Grants immunity to" .)
(Another definition for unlatches that I've seen is " Opens".)