Statement Of Release Form

Statement Of Release Form Template for England and Wales

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Key Requirements PROMPT example:

"I need a Statement of Release Form to resolve an ongoing dispute with my former business partner regarding shared intellectual property rights, with a payment of £50,000 as consideration to be paid by March 15, 2025."

Document background

The Statement of Release Form is a crucial legal instrument in England and Wales used to formally document the voluntary relinquishment of rights, claims, or potential legal actions by one party in favor of another. This document is commonly employed in various scenarios including settlement of disputes, conclusion of business relationships, or resolution of personal injury claims. The form must be carefully drafted to ensure compliance with English contract law and should clearly specify the scope of the release, any consideration provided, and include appropriate warranties and representations.

Suggested Sections

1. Parties: Details of the releasing and released parties

2. Background: Context and circumstances leading to the release

3. Definitions: Key terms used in the document

4. Release Statement: The actual release language and scope of the release

5. Consideration: Details of any payment or consideration for the release

6. Execution: Signature blocks and execution requirements

Optional Sections

1. Confidentiality: Provisions regarding confidentiality of the release terms and any related information

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

3. Future Claims: Provisions addressing the handling of potential future claims

4. Return of Property: Requirements for returning any physical or intellectual property

Suggested Schedules

1. Schedule of Claims: Detailed list of specific claims being released

2. Schedule of Assets: Inventory of any assets or property involved in the release

3. Payment Schedule: Details of payment terms if consideration is paid in installments

4. Evidence of Authority: Documentation proving authority to execute for corporate entities

Authors

Alex Denne

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

alex.den.21@genieai.co

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