Full Release Form Template for England and Wales

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Key Requirements PROMPT example:

Full Release Form

"I need a Full Release Form between my construction company and a subcontractor following a project dispute, with specific provisions for outstanding payment arrangements and future cooperation clauses to be included, to be signed by March 2025."

Document background
The Full Release Form is a critical legal instrument used when parties wish to achieve a complete and final settlement of all claims between them. This document, governed by English and Welsh law, is commonly employed following dispute resolution, settlement negotiations, or as part of broader transaction closings. The form includes specific details about the claims being released, any consideration being provided, and often contains provisions for confidentiality and non-disparagement. It's particularly important in situations where parties seek to achieve a clean break and prevent future litigation.
Suggested Sections

1. Parties: Identification of all parties involved in the release, including full legal names and addresses

2. Background: Context and circumstances leading to the release, including any relevant history or disputes

3. Definitions: Key terms used in the release agreement and their specific meanings

4. Release Provisions: Detailed description of claims and rights being released, including scope and extent of the release

5. Consideration: Details of the value being exchanged for the release, whether monetary or otherwise

6. Governing Law: Specification that the agreement is governed by the laws of England and Wales

7. Execution: Signature blocks and execution provisions for all parties

Optional Sections

1. Confidentiality: Terms of confidentiality regarding the existence and terms of the release, and any sensitive information exchanged

2. Non-disparagement: Provisions preventing parties from making negative statements about each other

3. Future Cooperation: Terms outlining any ongoing obligations or required cooperation between parties

4. Tax Implications: Clauses addressing the tax treatment of any payments or consideration

Suggested Schedules

1. Schedule of Released Claims: Comprehensive list of specific claims, rights, and causes of action being released

2. Payment Schedule: Detailed breakdown of any payments, including amounts, dates, and payment methods

3. Related Agreements: List and details of other agreements affected by or connected to this release

Authors

Alex Denne

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

Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Contract (Common Law): Fundamental principles governing contract formation, consideration requirements, and capacity of parties to enter into legally binding agreements

Contracts Rights of Third Parties Act 1999: Legislation governing how third-party rights are affected by contracts and their ability to enforce contractual terms

Unfair Contract Terms Act 1977: Legislation controlling the use and enforceability of exclusion clauses and limitations on liability in contracts

Consumer Rights Act 2015: Law protecting consumer interests, including requirements for fairness and transparency in consumer contracts

Limitation Act 1980: Statute setting time limits for bringing legal claims and its impact on future claims under the release

Misrepresentation Act 1967: Law governing false statements made during contract formation and the rights being waived in relation to misrepresentation

Data Protection Act 2018 and UK GDPR: Legislation protecting personal data and privacy rights that must be considered if personal information is involved

Human Rights Act 1998: Law ensuring fundamental rights are not violated by the terms of the release

Electronic Communications Act 2000: Legislation governing the validity and use of electronic signatures and communications in legal documents

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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