The Release Of Deposit Agreement is a critical document used in Australian business and property transactions when parties need to formalize the release of held deposits. This document becomes necessary when funds have been held as security or good faith in transactions such as property purchases, construction projects, or commercial deals. The agreement details the conditions for release, identifies all relevant parties, and establishes the mechanism for the transfer of funds. It must comply with Australian banking regulations, trust account requirements, and relevant state/territory property laws. The document is particularly important as it provides clarity and security for all parties involved, helping prevent disputes and ensuring proper documentation of the release process. A properly drafted Release of Deposit Agreement should include clear release conditions, timing requirements, and any specific obligations that must be met before the deposit can be released.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identifies and defines all parties to the agreement, including the depositor, recipient, and any escrow agent or third party holding the deposit
2. Background: Explains the context of the deposit, including when and why it was made, and references any related agreements or transactions
3. Definitions: Defines key terms used throughout the agreement
4. Deposit Details: Specifies the amount of the deposit, when it was paid, and where it is currently held
5. Release Terms: Details the agreed terms for releasing the deposit, including timing and any conditions that must be met
6. Release Process: Outlines the specific steps and procedures for executing the release of the deposit
7. Representations and Warranties: States the representations and warranties made by each party regarding their authority and the deposit
8. Release and Discharge: Contains the formal release language and mutual discharge of obligations related to the deposit
9. Governing Law: Specifies that the agreement is governed by Australian law and identifies the relevant jurisdiction
10. Execution: Contains the signature blocks and execution provisions
1. Conditions Precedent: Used when specific conditions must be met before the deposit can be released
2. Multiple Release Instalments: Required when the deposit is to be released in multiple stages or instalments
3. Tax Implications: Include when there are specific tax considerations or requirements related to the release
4. Dispute Resolution: Added when parties want to specify particular dispute resolution procedures
5. Confidentiality: Include when parties wish to keep the terms of the release confidential
6. Third Party Rights: Required when other parties have rights or interests in the deposit
7. Force Majeure: Include when parties want to address circumstances that might prevent or delay the release
1. Deposit Details Schedule: Detailed breakdown of the deposit amount, payment date, and current holding details
2. Payment Instructions: Banking or payment details for the release of the deposit
3. Related Agreements: Copies or details of any related agreements referenced in the main agreement
4. Release Conditions Checklist: List of conditions that must be met before release, with space for verification
5. Required Notices: Templates of any notices required for the release process
Relevant legal definitions
Agreement
Business Day
Completion
Completion Date
Deposit
Deposit Account
Deposit Amount
Deposit Holder
Depositor
Effective Date
Escrow Agent
GST
Initial Agreement
Interest
Notice
Original Transaction
Parties
Payment Instructions
Recipient
Release Conditions
Release Date
Release Notice
Related Agreement
Representative
Security Interest
Settlement
Trust Account
Working Day
Business Day
Completion
Completion Date
Deposit
Deposit Account
Deposit Amount
Deposit Holder
Depositor
Effective Date
Escrow Agent
GST
Initial Agreement
Interest
Notice
Original Transaction
Parties
Payment Instructions
Recipient
Release Conditions
Release Date
Release Notice
Related Agreement
Representative
Security Interest
Settlement
Trust Account
Working Day
Clauses
Identification of Parties
Recitals
Definitions
Deposit Details
Release Conditions
Payment Terms
Release Mechanism
Representations and Warranties
Conditions Precedent
Release Process
Bank Instructions
Tax Compliance
GST
Interest
Authority and Capacity
Notices
Further Assurance
Costs and Expenses
Entire Agreement
Amendments
Assignment
Severability
Waiver
Force Majeure
Confidentiality
Dispute Resolution
Governing Law
Jurisdiction
Execution
Recitals
Definitions
Deposit Details
Release Conditions
Payment Terms
Release Mechanism
Representations and Warranties
Conditions Precedent
Release Process
Bank Instructions
Tax Compliance
GST
Interest
Authority and Capacity
Notices
Further Assurance
Costs and Expenses
Entire Agreement
Amendments
Assignment
Severability
Waiver
Force Majeure
Confidentiality
Dispute Resolution
Governing Law
Jurisdiction
Execution
Relevant Industries
Real Estate
Construction
Property Development
Banking and Finance
Legal Services
Commercial Property
Retail
Manufacturing
Professional Services
Investment Services
Relevant Teams
Legal
Finance
Real Estate
Compliance
Treasury
Risk Management
Property Management
Commercial Operations
Settlements
Contract Administration
Relevant Roles
Legal Counsel
Contract Manager
Property Manager
Finance Manager
Escrow Officer
Real Estate Agent
Commercial Director
Transaction Manager
Compliance Officer
Project Manager
Settlement Officer
Treasury Manager
Risk Manager
Company Secretary
Find the exact document you need
Generic Waiver Of Liability
An Australian-compliant liability waiver that protects businesses and service providers from legal claims while respecting mandatory consumer protections.
find out more
Vehicle Damage Release Form
An Australian legal document used to settle and release claims related to vehicle damage incidents, compliant with federal and state liability laws.
find out more
Severance Agreement And Release Of Claims
An Australian legal agreement documenting employment termination terms, severance package details, and mutual release of claims between employer and employee.
find out more
Release And Covenant Not To Sue
An Australian law-governed agreement where one party releases another from legal claims and agrees not to pursue future legal action regarding specified matters.
find out more
Press Release Contract
An Australian-law governed agreement establishing terms and conditions for press release services between a client and PR service provider.
find out more
Film Release Agreement
An Australian legal agreement governing film distribution rights and exhibition terms, compliant with Australian media and copyright laws.
find out more
Co Performer Release Agreement
An Australian legal agreement establishing rights and permissions between multiple performers involved in the same performance or recording, governed by Australian federal and state laws.
find out more
Commercial Lease Release Form
An Australian legal document that terminates a commercial lease and releases parties from their ongoing lease obligations.
find out more
Contractor Waiver Of Liability
An Australian-compliant waiver of liability agreement between a business and contractor, outlining risk assumptions and liability limitations while preserving statutory rights.
find out more
Settlement And Release Letter
An Australian jurisdiction document that formalizes settlement terms and releases between parties, combining legal enforceability with a more accessible letter format.
find out more
Video Release Agreement
An Australian-compliant legal agreement granting permission for video recording and usage rights, protecting both content creators and subjects under Australian law.
find out more
General Waiver Of Liability
An Australian legal document where one party waives their right to sue another for specified risks and potential injuries, subject to Australian federal and state laws.
find out more
Mutual Release Agreement Of Purchase And Sale
An Australian law-governed agreement providing mutual release of claims and obligations between parties involved in a purchase and sale transaction.
find out more
Work Immersion Agreement And Liability Waiver
An Australian legal agreement combining work immersion program terms and liability waivers for workplace experience participants, compliant with Australian regulations.
find out more
Waiver And Release Of Non Compete Obligations
An Australian legal document that releases individuals or entities from existing non-compete obligations, ensuring compliance with Australian employment and competition laws.
find out more
Resignation Agreement And General Release
An Australian law-compliant agreement documenting employment termination terms, final payments, and mutual release of claims between employer and employee.
find out more
Release Of Guaranty Form
An Australian law-compliant document that formally releases a guarantor from their obligations under a previous guarantee agreement.
find out more
Simple Release Agreement
An Australian law-governed agreement that formalizes the release of claims, rights, or obligations between parties in exchange for consideration.
find out more
Release From Tenancy Agreement
An Australian legal document that formally terminates a residential tenancy agreement and releases all parties from their ongoing obligations under the original lease.
find out more
Media Release Agreement
An Australian-law governed agreement that establishes terms and permissions for media content usage, distribution, and publication rights.
find out more
Lease Termination Letter 60 Days
An Australian-compliant formal notice providing 60 days advance notification of lease termination from tenant to landlord.
find out more
General Mutual Release Agreement
An Australian law-governed agreement enabling parties to mutually release claims and settle disputes while ensuring legal compliance and finality.
find out more
Covenant Not To Sue Settlement Agreement
An Australian law settlement agreement where parties agree to resolve disputes and covenant not to pursue future legal action regarding specified claims.
find out more
Unilateral Release Agreement
An Australian law-governed agreement where one party releases another from specified claims or liabilities.
find out more
Termination Release Agreement
An Australian-compliant agreement that formalizes employment termination and provides mutual releases between employer and employee, ensuring compliance with federal and state employment laws.
find out more
Talent Release Agreement
An Australian-compliant agreement governing the use of talent's image, likeness, and performance rights in media productions.
find out more
Residential Lease Termination Letter
An Australian-compliant formal notice document used to terminate a residential tenancy agreement, outlining the intention to vacate and key termination details.
find out more
Release And Waiver Of Liability Form
An Australian legal document that protects organizations from liability claims by having participants acknowledge risks and waive certain legal rights while complying with federal and state legislation.
find out more
Release And Indemnification Form
An Australian law-governed document that releases one party from liability while establishing indemnification obligations for specified claims and losses.
find out more
Release And Hold Harmless Agreement
An Australian law-compliant agreement that releases one party from liability and provides indemnification against future claims or damages.
find out more
Release Of Guarantee Agreement
An Australian legal document that formally releases a guarantor from their obligations under an existing guarantee arrangement.
find out more
Release Of Confidentiality Form
An Australian legal document that releases parties from specific confidentiality obligations while maintaining compliance with local privacy laws and protecting any remaining confidential information.
find out more
Real Estate Release Agreement
An Australian legal document that releases parties from specific rights, claims, or obligations in real estate transactions, compliant with federal and state property laws.
find out more
Payment Release Agreement
An Australian legal document that formalizes the release of payment obligations between parties, typically used in debt settlement or payment dispute resolution.
find out more
Motorcycle Ride Waiver Release Consent
An Australian-compliant waiver and consent form for motorcycle ride activities, incorporating liability releases and safety acknowledgments.
find out more
Lease Release Form
An Australian legal document that formally terminates a lease agreement and releases all parties from their ongoing lease obligations.
find out more
General Release Letter
An Australian legal document that releases one party from claims, demands, or liabilities owed to another party, governed by Australian federal and state laws.
find out more
Unlimited Personal Release Agreement
An Australian law-governed agreement granting unlimited rights to use an individual's personal attributes, images, and likeness across all media formats and purposes.
find out more
Separation Agreement Mutual Release
An Australian law-governed agreement that formalizes separation between parties and includes mutual releases, outlining property division and financial arrangements while preventing future claims.
find out more
Photographer Release Agreement
An Australian law-compliant agreement establishing terms for photographic image capture and usage rights between photographer and subject.
find out more
Genie’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; Genie’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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)