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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.
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
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
- Warranties by parties
- Counterparts, execution
- 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.