Deed Release Form Template for Malaysia

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Key Requirements PROMPT example:

Deed Release Form

"I need a Deed Release Form to formalize the settlement of a construction dispute with ABC Construction Sdn Bhd, releasing all claims related to the delayed completion of our office building project, with a settlement payment of RM 500,000 to be made by March 15, 2025."

Document background
The Deed Release Form is a crucial legal instrument in Malaysian business and legal practice, used when parties wish to formally discharge obligations or settle disputes. This document is particularly important in situations involving the conclusion of business relationships, settlement of disputes, or release of claims following a transaction or agreement. The deed must comply with Malaysian legal requirements, including proper execution before witnesses, stamping under the Stamp Act 1949, and potential registration requirements. It's commonly used across various sectors and can be adapted to different scenarios while maintaining its core purpose of providing a legally binding release of claims or obligations.
Suggested Sections

1. Parties: Identification of the Releasor and Releasee with full legal names and addresses

2. Background: Context of the original obligation or dispute and the reason for the release

3. Definitions: Key terms used in the deed including 'Released Claims', 'Effective Date', and other relevant definitions

4. Release and Discharge: The main operative clause detailing the scope of release and discharge from obligations or claims

5. Consideration: Statement of the consideration being provided for the release

6. Representations and Warranties: Basic warranties about the authority to enter into the release and understanding of its implications

7. Governing Law: Specification that Malaysian law governs the deed

8. Execution: Formal execution block complying with Malaysian requirements for deeds

Optional Sections

1. Confidentiality: Include when the parties wish to keep the terms of the release confidential

2. Non-Admission of Liability: Include when the release relates to disputed claims and the releasee wishes to explicitly deny liability

3. Further Assurance: Include when additional actions may be needed to give effect to the release

4. Severability: Include when the parties want to ensure partial invalidity doesn't affect the whole deed

5. Third Party Rights: Include when the release may affect rights of third parties or when third parties need to be explicitly excluded

6. Entire Agreement: Include when previous agreements or negotiations need to be superseded

Suggested Schedules

1. Schedule 1 - Released Claims: Detailed description of the claims or obligations being released, particularly useful for complex releases

2. Schedule 2 - Related Agreements: List of any related agreements or documents affected by the release

3. Schedule 3 - Payment Terms: Details of any payment or consideration structure, if applicable

4. Appendix A - Supporting Documents: Copies of relevant supporting documents referenced in the main deed

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

Relevant Industries

Financial Services

Real Estate

Construction

Manufacturing

Professional Services

Healthcare

Retail

Technology

Energy

Transportation

Insurance

Relevant Teams

Legal

Compliance

Risk Management

Corporate Secretarial

Finance

Human Resources

Operations

Business Development

Executive Leadership

Relevant Roles

Legal Counsel

Corporate Secretary

Risk Manager

Compliance Officer

Contract Manager

Chief Legal Officer

Business Development Manager

Chief Financial Officer

Human Resources Director

Operations Manager

Project Manager

Industries
Teams

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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