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Settlement Agreement

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This information is not legal information provided by Precedents Online or it’s Authors.  It is for General Information only and to be used accordingly.

A Deed of Release is a legal document, also known as a deed of settlement, used to formalise an agreement between two or more parties involved in a dispute.

Key points about settlement agreements

Settlement agreements are legally binding contracts that waive an individual’s rights to make a claim covered by the agreement to an employment tribunal or court. They usually include some form of payment to the employee and may often include a reference

 

Settlement AgreementSettlement Agreement

This Settlement Agreement is in the form of a deed with common provisions relating to release and discharge of court proceedings including:

  • Bar to actions
  • No admission of liability
  • GST
  • Confidentiality
  • Warranties by parties
  • Counterparts, execution
  • Costs
  • Severance
  • Variations
  • Further assurances

The definitions and interpretation provisions are located in a schedule at the back making it easier to read and draft.

7 pages long.

 

 
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