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Deed of Release Template: Multi Releasors & Single Releasee
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| Document Type: | Microsoft Word |
| Build Time: | 10 Min |
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LawLive also offers: Other Deeds of Release
This Deed of Release is for use where there are multi Releasors and the Releasee is either an individual or a company. This is useful in the situation where a company and one or more directors may be giving a release.
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.
Please Note that in most States and Territories of Australia a deed of release preventing future workers' compensation claims will not be enforceable.
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
