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A deed of release is entered into where one party is releasing the second party from the possibility of further action 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.
This Deed of Release includes the following provisions:
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