| Document Type | Microsoft Word |
| Build Time: | 10 Min |
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A deed of release is entered into where one party is released from the possibility of further action by a second party in relation to a possible claim for compensation in return for a lump sum payment. It is usually in full settlement of all outstanding issues between the parties.
The following provisions are included as part of this deed of release:
1. Interpretation
2. Consideration for the Release
3. Release by Releasor
4. Confidentiality
5. Deed May be Pleaded as Bar to Actions
6. Entire Agreement
7. Costs
8. Severance
9. Counterparts
10. Any Other Necessary Acts
11. Independent Legal Advice
LAWLIVE recommends: this is a document which involves the creation of complex legal rights and obligations and may give rise to various taxation and liability consequences. The best way to use this document is to complete it, print it out, print out all of the checklists that apply to it and all other LawLive information that relates to this type of document. When you have done this, LawLive recommends you instruct lawyers to assist you in the finalisation of the document and that you take tax advice from your accountant or tax adviser as to any taxation consequences.