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Employee Deed Of Release Template for Pakistan

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Key Requirements PROMPT example:

Employee Deed Of Release

"I need an Employee Deed of Release for a mutual termination agreement with my senior software developer, effective March 15, 2025, including standard non-compete provisions and an agreed reference letter."

Document background
An Employee Deed of Release is a crucial document used in Pakistan when formally concluding an employment relationship through mutual agreement or as part of a negotiated exit. It operates within the framework of Pakistani employment law, including the Industrial Relations Act 2012, Contract Act 1872, and relevant provincial labor legislation. This document is typically used when both parties wish to achieve a clean break and prevent future disputes by documenting all settlement terms, including financial arrangements, confidentiality obligations, and mutual releases. It's particularly important in scenarios involving senior employees, sensitive positions, or where there's a need to document specific post-employment obligations. The deed provides legal certainty and protection for both employer and employee by clearly defining the terms of separation and preventing future claims.
Suggested Sections

1. Parties: Identification of the employer and employee with full legal names and addresses

2. Background: Brief history of employment relationship, reason for termination, and context for the deed

3. Definitions: Key terms used throughout the deed including 'Effective Date', 'Release Period', 'Settlement Sum', etc.

4. Termination of Employment: Confirmation of employment end date and immediate cessation of duties

5. Settlement Payments: Details of all payments to be made, including final salary, benefits, and any special compensation

6. Tax and Statutory Deductions: Clarity on tax treatment of payments and statutory deductions

7. Mutual Release and Waiver: Comprehensive release of claims by both parties

8. Company Property: Requirements for return of company property and confirmation of compliance

9. Confidentiality: Ongoing obligations regarding confidential information

10. Full and Final Settlement: Confirmation that the settlement represents full and final settlement of all claims

11. Governing Law: Specification of Pakistani law as governing law

12. Execution: Signature blocks and execution formalities

Optional Sections

1. Non-Compete Obligations: Include when the employee is bound by post-employment competition restrictions

2. Reference: Include when agreed form of reference is to be provided

3. Continuing Obligations: Include when specific obligations from employment contract survive termination

4. Legal Advice: Include when employee has received independent legal advice on the deed

5. Medical Insurance Extension: Include if continued medical coverage is part of the settlement

6. Share Options/Awards: Include when dealing with existing employee share schemes

7. Announcements: Include when parties agree on specific internal/external communications

8. Re-employment: Include when specifically addressing future employment possibilities

Suggested Schedules

1. Schedule 1 - Payment Details: Detailed breakdown of all settlement payments and benefits

2. Schedule 2 - Company Property List: Itemized list of company property to be returned

3. Schedule 3 - Continuing Obligations: Specific clauses from employment contract that survive termination

4. Schedule 4 - Agreed Form of Reference: Template of agreed employment reference if applicable

5. Appendix A - Certificate of Independent Legal Advice: Confirmation from legal advisor 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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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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A Pakistani law-governed deed that formalizes employment termination and settlement terms between employer and employee, ensuring mutual release of claims and clear separation terms.

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Deed Of Termination And Release

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Deed Of Settlement And Release

A Pakistani law-governed deed that formalizes settlement terms and mutual releases between parties, providing a legally binding resolution to disputes or claims.

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