Release And Settlement Of Claim Form Template for England and Wales

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Key Requirements PROMPT example:

Release And Settlement Of Claim Form

"I need a Release And Settlement Of Claim Form to settle an employment dispute with a former employee who is claiming unfair dismissal, with a settlement amount of £45,000 and a confidentiality clause, to be executed by March 2025."

Document background

The Release And Settlement Of Claim Form is a crucial document in dispute resolution under English and Welsh law. It is typically used when parties wish to formally conclude a dispute without (or before) court proceedings, or to settle ongoing litigation. The document provides certainty to all parties by clearly defining the terms of settlement, including any financial compensation, and protecting against future claims arising from the same circumstances. It's particularly important in commercial disputes, personal injury claims, employment matters, and insurance settlements.

Suggested Sections

1. Parties: Details of the settling parties, including full legal names and addresses

2. Background: Brief description of the dispute and circumstances leading to settlement

3. Definitions: Key terms used in the agreement including 'Claim', 'Settlement Sum', 'Effective Date'

4. Settlement Terms: Core settlement provisions including payment terms, timing, and method of payment

5. Release: Specific claims being released and scope of the release

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

Optional Sections

1. Confidentiality: Terms requiring parties to keep the settlement and its terms confidential

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

3. Tax Provisions: Clauses addressing the tax treatment of settlement payments and related obligations

4. Warranties: Representations and warranties from the parties regarding the settlement

5. Return of Property: Provisions for returning any relevant documents or property

Suggested Schedules

1. Schedule of Claims: Detailed list of all claims and proceedings being settled and released

2. Payment Schedule: Breakdown of payment installments if applicable, including dates and amounts

3. Related Proceedings: List of any related legal proceedings being discontinued as part of the settlement

4. Form of Announcement: Agreed form of any public announcement regarding the settlement, if applicable

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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Let's create your Release And Settlement Of Claim Form

Authors

Alex Denne

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