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Simple Release Of Claims Template for England and Wales

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Key Requirements PROMPT example:

Simple Release Of Claims

"I need a Simple Release of Claims to settle a commercial dispute with my former business partner regarding intellectual property rights, with a settlement payment of £50,000 to be paid by March 2025."

Document background
A Simple Release of Claims is commonly used in England and Wales when parties wish to resolve disputes without court proceedings or to prevent future litigation. It's particularly useful following settlements, commercial disagreements, or employment terminations. The document specifies which claims are being released, any claims specifically excluded, and the consideration being provided. This type of agreement requires careful drafting to ensure it's enforceable under English law and doesn't inadvertently release claims that should be preserved.
Suggested Sections

1. Parties: Identification of releasing and released parties

2. Background: Context of the dispute or circumstances leading to the release

3. Definitions: Key terms used in the release agreement

4. Release Provisions: Specific claims being released and scope of release

5. Consideration: Statement of consideration being provided for the release

6. Governing Law: Specification of English and Welsh law as governing law

Optional Sections

1. Non-Admission: Statement that release does not constitute admission of liability - used when liability is disputed

2. Confidentiality: Obligations to keep terms confidential - used when parties wish to maintain privacy of settlement

3. Non-Disparagement: Agreement not to make negative statements about other party - used in high-profile or sensitive cases

4. Specific Exclusions: Claims specifically excluded from the release - used when certain claims need to be preserved

Suggested Schedules

1. Schedule of Released Claims: Detailed list of specific claims being released

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

3. Payment Schedule: Details of any settlement payments if applicable

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

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Industries

Law of Contract: Common law principles governing formation and enforcement of contracts, essential for the basic validity of the release

Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce contractual terms, relevant for determining scope of release

Limitation Act 1980: Establishes statutory time limits for bringing different types of claims, must be considered when drafting release scope

Employment Rights Act 1996: Governs employment-related claims and rights which may need specific carve-outs in the release

Equality Act 2010: Covers discrimination claims which may require special consideration or explicit carve-outs in release

Consumer Rights Act 2015: Protects consumer interests and may affect release terms if one party is a consumer

Unfair Contract Terms Act 1977: Regulates unfair terms in contracts and affects what can legally be included in a release

Law of Property (Miscellaneous Provisions) Act 1989: Relevant if the release involves any interest in land or property rights

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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