Deed of Settlement and Release
This do-it-yourself document generator drafts a binding, comprehensive, tailored Deed of Settlement and Release for all types of claims in just 15 minutes.
How does it work?
Our intuitive tool guides you through the process step-by-step from start to finish. It’s quick, easy and simple to understand – just how legal documents ought to be.
The expert interview wizard will help you answer a few questions and prepare your document in the background. You’ll have your custom Deed of Settlement and Release in 15 minutes or less.
When you’re done, print or download PDF versions for you to review, customise, or sign.
What is a Deed of Settlement and Release?
A Deed of Settlement and Release is an agreement that formalises how a dispute will be settled. When signed, parties are released of any former obligations.
This document can be used to settle a wide variety of disputes including debt recovery and insolvency matters. A common use is to arrange a single net payment between the parties to the matter to resolve the dispute.
When should I use a Deed of Settlement and Release?
A Deed of Settlement and Release should be used if you’re looking to settle a dispute between parties. It can be used whether or not court proceedings have begun.
What topics does a Deed of Settlement and Release cover?
- Number of Parties to the Dispute
- Payer Party Details
- Recipient Party Details
- Information about the dispute that is subject to the Deed of Settlement and Release
- Carve-out for Dishonesty
- Payment Details
- Responsibility for Costs
- Default Interest Clause
- Governing Law
- Boilerplate language
What are the main decisions I need to make in creating a Deed of Settlement and Release?
- Do you want to add a Carve-out for Dishonesty provision?
- When do you want payments to be made? Common options are: on the date of execution of this Deed; on a specific date; or within a specific time frame after the date of execution of this deed
- How do you want the costs incurred in the dealing of the dispute to be handled?
- Do you want to include a Default Interest Clause?
What other names does a Deed of Settlement and Release go by?
A Deed of Settlement and Release is also known as:
- A Deed of Settlement
- Settlement Deed
- Deed of Release
Frequently Asked Questions
The parties involved are the parties in dispute.
Generally you would need this document when the parties to a dispute have agreed to settle the matter.
As the deed releases all existing and future claims that can be brought against one party by another party to the dispute, a Carve-out for Dishonesty provision carves-out from the scope of the release any claims relating to information that the party providing the release does not currently have; and conduct of the other party that is fraudulent or dishonest.
- The details of the parties
- Have legal proceedings surrounding the dispute commenced?
- Does the dispute concern the recovery of an unsecured debt?
- Description of the dispute
- Payment amount
- Governing law
There are several signing options available. How you sign largely depends on where the parties are located and if they will attend signing together. You can print on paper and sign, or use electronic signature tools such as Docusign or Hellosign.
If you need any assistance please contact us directly, we would be happy to assist.
If you have any questions or are uncertain about any aspect of the document please do not sign it or use it, Please contact us directly and we would be happy to assist.
Absolutely! Get in touch with us and we can provide a fixed-fee price to review it.
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What other documents might I need?
If you’re interested in a Deed of Settlement and Release you might also need to think about:
- Deed of Termination and Release – for if you wish to terminate the matter instead of settle.
- 1-page NDA – if you’ve disclosed proprietary information, an NDA may be necessary to keep that information secure.
- Confidentiality Agreement – If you’ve disclosed confidential information to another party, a Confidentiality Agreement ensures the information you share stays between you and your confidant.
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