General Release Of Claims Template for England and Wales

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Key Requirements PROMPT example:

General Release Of Claims

"I need a General Release of Claims to settle an ongoing commercial dispute with my former business partner, releasing all claims relating to our joint venture that operated between 2020 and January 2025, with a settlement payment of £50,000."

Document background

A General Release of Claims is commonly used in England and Wales when parties wish to achieve a clean break and prevent future litigation. It's particularly useful following disputes or when terminating business relationships, providing certainty that no further claims will arise. The document typically includes detailed provisions about the scope of claims being released, consideration being provided, and any exceptions to the release. It's essential to ensure compliance with English law requirements regarding what rights can and cannot be waived, and to include appropriate carve-outs for statutory rights that cannot be released.

Suggested Sections

1. Parties: Identifies all parties to the release including the releasing party and released party

2. Background: Explains context and circumstances leading to the release, including any relevant disputes or claims

3. Definitions: Defines key terms used in the document including 'Claims', 'Released Matters', and other relevant definitions

4. Release Provisions: Core release language and scope of claims being released, including present and future claims

5. Consideration: States the consideration being provided for the release and payment terms if applicable

6. Execution: Signature blocks and execution provisions including date and witness requirements

Optional Sections

1. Non-Admission: Optional clause stating that the release does not constitute admission of liability by any party

2. Confidentiality: Optional provisions regarding confidentiality of the settlement terms and existence

3. Non-Disparagement: Optional clause preventing parties from making negative statements about each other

4. Warranties: Optional warranties about the claims being released and authority to enter into the release

Suggested Schedules

1. Schedule of Known Claims: Detailed list of specific claims being released if any are known and identified

2. Schedule of Excluded Claims: List of claims specifically excluded from the scope of the release

3. Payment Schedule: Details of any settlement payments including amounts, payment dates, and payment methods

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

alex.den.21@genieai.co

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Authors

Alex Denne

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