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Release Of Claims Form Template for Ireland

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Key Requirements PROMPT example:

Release Of Claims Form

"I need a Release of Claims Form under Irish law for a departing senior executive who will receive a severance package of €150,000, with the release to be effective from March 1, 2025, and including standard non-disparagement and confidentiality provisions."

Document background
The Release of Claims Form is a crucial legal instrument in Irish business and civil matters, used to formally resolve disputes and potential legal claims between parties. This document is commonly employed following settlements, employment terminations, accident resolutions, or business transaction closures. It serves as a legally binding agreement where one party agrees to waive their rights to pursue specific claims against another party, typically in exchange for some form of consideration. The document must comply with Irish contract law, the Civil Law (Miscellaneous Provisions) Act 2011, and relevant statutory requirements. It's essential to ensure that the release is properly drafted to cover intended claims while respecting legal limitations on what rights can be waived under Irish law. The form typically includes detailed descriptions of released claims, consideration details, and necessary legal declarations to ensure enforceability.
Suggested Sections

1. Parties: Identifies the Releasor (person giving up claims) and Releasee (person being released from claims), including full legal names and addresses

2. Background: Explains the context and circumstances leading to the release, including any relevant disputes or incidents

3. Definitions: Defines key terms used throughout the document, including 'Claims', 'Released Matters', and any specific incidents or time periods

4. Consideration: States the consideration being provided in exchange for the release, whether monetary or otherwise

5. Release: The core section detailing the claims being released, including scope and extent of the release

6. No Admission of Liability: Statement that the release does not constitute an admission of liability by any party

7. Representations and Warranties: Statements by the Releasor regarding their authority to release claims and understanding of the agreement

8. Governing Law: Specifies that Irish law governs the agreement and its interpretation

9. Execution: Signature blocks and execution requirements

Optional Sections

1. Future Claims: Used when the release should cover future claims; must be carefully worded under Irish law

2. Confidentiality: Include when parties wish to keep the terms of the release confidential

3. Tax Indemnity: Include when there are tax implications from any settlement payment

4. Return of Property: Used in employment contexts when company property needs to be returned

5. Non-Disparagement: Optional clause preventing parties from making negative statements about each other

6. Cooperation: Include when ongoing cooperation is needed for implementing the release

7. Severability: Optional clause ensuring survival of agreement if certain provisions are found invalid

8. Revocation Period: Include for employment-related releases where a statutory revocation period applies

Suggested Schedules

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

2. Schedule 2 - Payment Terms: Details of any settlement payment amounts, timing, and method of payment

3. Schedule 3 - Excluded Claims: List of claims specifically excluded from the release

4. Appendix A - Related Entities: List of affiliated entities covered by the release

5. Appendix B - Prior Agreements: List of any prior agreements affected by or incorporated into the 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

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