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Full Release Of All Claims With Indemnity Template for England and Wales

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Key Requirements PROMPT example:

Full Release Of All Claims With Indemnity

"Need a Full Release Of All Claims With Indemnity to settle an ongoing construction dispute with our subcontractor, including release of all past claims and protection against future claims relating to the Manchester project, with settlement payment of £250,000 to be made by March 2025."

Document background
A Full Release Of All Claims With Indemnity is commonly used in England and Wales when parties wish to achieve a complete and final settlement of all existing and potential future claims. This document is particularly valuable in complex disputes where parties seek certainty and finality in their legal relationships. It combines a comprehensive release of claims with protective indemnification provisions, making it suitable for high-value settlements or situations involving multiple potential claims. The document typically includes detailed provisions about the scope of release, consideration, indemnification obligations, and any specific exclusions from the release.
Suggested Sections

1. Parties: Identifies all parties to the release, including full legal names and addresses

2. Background: Sets out the context, circumstances, and any disputes or claims leading to the release

3. Definitions: Defines key terms used in the agreement including 'Claims', 'Released Parties', and scope of release

4. Release Provisions: Core terms detailing the scope of release, including present and future claims being released

5. Indemnity Provisions: Terms of the indemnity including scope, limitations, and process for claiming under the indemnity

6. Consideration: Details of payment or other consideration being given in exchange for the release

7. Governing Law: Specifies English and Welsh law as governing law and courts having jurisdiction

Optional Sections

1. Confidentiality: Provisions requiring parties to keep the terms and existence of the release confidential

2. Non-Admission of Liability: Statement that the release does not constitute admission of liability by any party

3. Tax Provisions: Provisions addressing tax implications of any payments or consideration

4. Severability: Clause ensuring remainder of agreement remains valid if parts are found unenforceable

Suggested Schedules

1. Schedule 1 - Released Claims: Detailed list of specific claims, disputes, or matters being released

2. Schedule 2 - Excluded Claims: List of any claims specifically excluded from the scope of the release

3. Schedule 3 - Payment Schedule: Details of any payments including amounts, timing, and payment methods

4. Schedule 4 - Related Agreements: List of any agreements affected by or relevant to this release

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions















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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Common Law of Contract: Fundamental principles governing contract formation, including offer, acceptance, consideration, and intention to create legal relations under English common law.

Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract and their rights within contractual agreements.

Unfair Contract Terms Act 1977: Controls the use of exclusion and limitation clauses in contracts, setting limits on what liabilities can be excluded or restricted.

Limitation Act 1980: Sets statutory time limits for bringing different types of legal claims and affects how releases can be structured regarding time-barred claims.

Consumer Rights Act 2015: Provides protection for consumers in contracts, ensuring fairness and transparency in terms and conditions when one party is a consumer.

Misrepresentation Act 1967: Governs false statements made during contract negotiations and the extent to which liability for misrepresentation can be excluded.

Civil Liability (Contribution) Act 1978: Regulates the right of contribution between parties who are jointly or severally liable for the same damage.

Employment Rights Act 1996: Relevant for employment-related releases, governing statutory employment rights that cannot be contracted out of.

Equality Act 2010: Crucial for ensuring releases do not discriminate or attempt to exclude liability for discrimination claims inappropriately.

Data Protection Act 2018: Relevant when the release involves processing of personal data, ensuring compliance with data protection principles and UK GDPR.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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