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Deed of Release

Deed of Release

Deed of Release

A Deed of Release is a comprehensive deed in which a debt has been owed, debt recovery commenced, then settlement reached.  The Deed of Release acknowledges the debt and sets out terms for repayment.

 

 

The parties release each other from all further proceedings regarding the debt provided it is paid.

 

This Includes:-

  • GST liability
  • Bar to future actions
  • Admissions of liability
  • Confidentiality
  • Warranties by parties
  • Counterparts, execution
  • Costs
  • Severance
  • Variations
  • Further assurances

For use in situations where court proceedings have been commenced and are now resolved.

6 pages long.

 

 

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