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Full Deed Of Release Template for Canada

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Key Requirements PROMPT example:

Full Deed Of Release

"I need a Full Deed of Release between my technology company and a former senior developer who is leaving to join a competitor, including confidentiality provisions and protection of intellectual property rights, with the release to take effect from March 15, 2025."

Document background
The Full Deed of Release is a crucial legal instrument in Canadian business and personal matters, used when parties wish to achieve a complete and final settlement of all claims between them. This document is particularly relevant in situations involving employment terminations, commercial disputes, personal injury settlements, or any scenario requiring a comprehensive resolution of legal matters. The deed must comply with Canadian federal and provincial legislation, including specific requirements for consideration, execution, and enforceability. It typically includes detailed provisions about the scope of the release, consideration provided, warranties, and various legal protections. The Full Deed of Release is especially important in high-stakes situations where parties need absolute certainty that all current and potential future claims are properly addressed and released.
Suggested Sections

1. Parties: Identifies and defines all parties to the deed, including their legal names, addresses, and any defined terms for referring to them

2. Background: Recitals explaining the context, relationship between parties, and circumstances leading to the release

3. Definitions: Defines key terms used throughout the deed, including 'Claims', 'Released Matters', and other relevant terminology

4. Interpretation: Rules for interpreting the deed, including governing law and construction principles

5. Consideration: Details of the consideration being provided in exchange for the release

6. Release: Core section containing the full release provisions, including scope and nature of claims being released

7. Bar to Actions: Covenant not to sue or bring any claims covered by the release

8. Warranties and Representations: Statements by parties about their capacity, authority, and understanding of the release

9. Severability: Provision ensuring remainder of deed remains valid if any part is found void

10. Entire Agreement: Confirmation that the deed represents the complete agreement between parties

11. Execution: Formal requirements for signing and witnessing the deed

Optional Sections

1. Confidentiality: Required when parties wish to keep the terms of the release and/or the underlying dispute confidential

2. Return of Property: Needed when physical or intellectual property needs to be returned between parties

3. Non-Disparagement: Used when parties agree not to make negative statements about each other

4. Ongoing Obligations: Required when certain obligations survive the release

5. Tax Indemnity: Needed when the release involves significant monetary consideration with tax implications

6. Further Assurance: Used when additional actions may be needed to give effect to the release

7. Insurance Claims: Required when insurance policies or claims are relevant to the release

8. Acknowledgment of Independent Legal Advice: Added when emphasizing that parties had opportunity for independent legal counsel

Suggested Schedules

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

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

3. Schedule C - Returned Items: Inventory of any property or materials to be returned

4. Schedule D - Related Entities: List of affiliated entities covered by the release

5. Appendix 1 - Form of Acknowledgment: Template for any required acknowledgments or confirmations

6. Appendix 2 - Deed of Covenant: Any required additional covenant documents to be executed

Authors

Alex Denne

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

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Legal Services

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Legal

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Legal Counsel

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Industries








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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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