¶¶Òõ¶ÌÊÓƵ

All Countries
Real Estate
Deed Of Release Of Debt

Deed Of Release Of Debt Template for Malaysia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Deed Of Release Of Debt

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Deed Of Release Of Debt

"I need a Deed of Release of Debt to formally discharge a business loan of RM 250,000 that will be fully repaid by March 2025, with the deed to include standard confidentiality provisions and release of associated personal guarantees."

Celebrated by
Collaborations with
Investors
Document background
The Deed of Release of Debt is a crucial legal instrument in Malaysian business and financial transactions, used when a creditor wishes to formally and permanently discharge a debtor from their payment obligations. This document is commonly employed in situations where a debt has been fully settled, partially settled with agreement to release the remainder, or as part of a debt restructuring arrangement. The deed must comply with Malaysian legal requirements, including proper execution as a deed, witnessing requirements, and stamp duty obligations under the Stamp Act 1949. It typically includes detailed information about the original debt, the terms of release, warranties from both parties, and any conditions attached to the release. This document provides crucial protection for both creditor and debtor by creating a clear and enforceable record of the debt's discharge.
Suggested Sections

1. Parties: Identifies and defines all parties to the deed, including the creditor (Releasor) and debtor (Releasee)

2. Background: Recites the history of the debt, including its origin, amount, and any relevant previous agreements or arrangements

3. Definitions: Defines key terms used throughout the deed, including 'Debt', 'Release Date', and any other relevant terms

4. Release: The operative clause that formally releases the debt and includes the creditor's undertaking not to make any further claims

5. Consideration: States the consideration (if any) for the release, or notes that it is executed as a deed

6. Warranties and Representations: Contains warranties from both parties regarding their capacity and authority to enter into the deed

7. Further Assurance: Obligation of parties to do all things necessary to give effect to the deed

8. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and establishes jurisdiction for disputes

9. Execution: Formal execution blocks for all parties, including witness requirements for a valid deed

Optional Sections

1. Partial Release: Include when only part of a debt is being released, specifying the amount released and amount remaining

2. Conditions Precedent: Include when the release is conditional upon certain events or actions

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

4. Tax Implications: Include when there are specific tax consequences that need to be addressed

5. Related Security Release: Include when associated security interests or guarantees are also being released

6. Severability: Include when parties want to ensure partial invalidity doesn't affect the entire deed

7. Third Party Rights: Include when the release affects rights of third parties or guarantors

Suggested Schedules

1. Schedule 1 - Details of Original Debt: Contains details of the original debt agreement, including date, amount, and terms

2. Schedule 2 - Payment History: If relevant, provides history of payments made against the debt

3. Schedule 3 - Security Documents: Lists any security documents being released (if applicable)

4. Appendix A - Copy of Original Debt Agreement: Attached copy of the original agreement creating the debt

5. Appendix B - Related Correspondence: Copies of relevant correspondence relating to the debt or its release

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions





















Clauses




















Relevant Industries

Banking & Financial Services

Real Estate

Commercial Lending

Manufacturing

Construction

Retail

Professional Services

Healthcare

Education

Small & Medium Enterprises

Relevant Teams

Legal

Finance

Credit Control

Treasury

Accounts Receivable

Risk Management

Compliance

Corporate Secretarial

Debt Recovery

Commercial

Relevant Roles

Chief Financial Officer

Financial Controller

Credit Manager

Collections Manager

Legal Counsel

Corporate Secretary

Finance Director

Accounts Receivable Manager

Risk Manager

Treasury Manager

Debt Recovery Officer

Commercial Director

Company Director

Legal Manager

Compliance Officer

Industries







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

Find the exact document you need

Deed Of Release And Full Reconveyance

A Malaysian legal document that releases a property charge and reconveys full legal title back to the property owner upon satisfaction of secured obligations.

find out more

Deed Of Release Of Debt

A Malaysian law-governed deed that formally releases a debtor from their obligation to pay a specific debt, providing legal finality to the debt relationship.

find out more

Deed Release Form

A Malaysian law-governed deed that formally releases one party from claims, obligations, or liabilities owed to another party.

find out more

Release Of Life Estate

A Malaysian legal document where a life tenant formally releases their life estate interest to the remainderman, subject to Malaysian land law and registration requirements.

find out more

Deed Of Waiver And Release

A Malaysian law-governed deed that formally documents the waiver of rights and release of claims between parties, requiring proper execution and attestation under local legal requirements.

find out more

Deed Of Release Of Guarantee

A Malaysian law-governed deed that formally releases a guarantor from their obligations under an existing guarantee agreement, providing a complete discharge of their liabilities.

find out more

Deed Of Partial Release

A Malaysian law-governed deed that releases specific assets from an existing security arrangement while maintaining security over remaining assets.

find out more

Deed Of Mutual Release

A Malaysian law-governed deed that enables parties to mutually release each other from specified obligations, claims, and potential legal actions.

find out more

Employee Deed Of Release

A Malaysian law-governed agreement that formally terminates employment and settles all claims between employer and employee through mutual release.

find out more

Deed Of Termination And Release

A Malaysian law-governed deed that terminates an existing agreement between parties and provides mutual releases from future claims and obligations.

find out more

Deed Of Settlement And Release

A Malaysian law-governed deed that documents settlement terms and mutual releases between parties, providing a formal conclusion to disputes with enhanced legal protection.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.