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Deed of Release Template: Multi Releasors & Multi Releasees

Deed of Release Template: Multi Releasors & Multi Releasees
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LawLive also offers: Other Deeds of Release

This Deed of Release is for use where there is more than one Releasor and more than one Releasee, each of which may be a combination of companies and individuals. This is useful in the situation where a company or individual is giving a release to a company and one or more directors.

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

 
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