Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Type of legal document

💾 Asset release agreement

Why use a 💾 Asset release agreement?

An asset release agreement is a legal document that outlines the terms of an agreement between two parties for the release of assets. The agreement outlines the assets to be released, the parties involved in the release, and the terms and conditions of the asset release.

A Deed of Release (Standard Form) under UK law is a legal document that serves as a formal agreement between two parties, typically an employer and an employee, to legally and irrevocably terminate their relationship and settle any outstanding disputes or claims arising from that relationship. It outlines the terms and conditions upon which the parties agree to release one another from any further obligations or liabilities.

This document encompasses a comprehensive release of all claims, known or unknown, that either party may have against the other. It typically covers various aspects such as termination of employment, unpaid wages, contractual obligations, severance pay, confidentiality provisions, non-compete clauses, intellectual property rights, and non-disparagement clauses.

The Deed of Release is primarily used in the context of employment termination, ensuring both parties mutually agree to end their relationship on amicable terms while safeguarding their rights and mitigating any potential future disputes. By signing this legally binding document, the parties typically waive their rights to pursue any claims, grievances, or legal actions against each other in the future, providing a sense of closure and finality.

It is important to note that a Deed of Release (Standard Form) should be carefully reviewed and preferably drafted or reviewed by legal professionals to ensure it properly protects the interests of both parties and abides by the relevant UK employment laws and regulations. Additionally, the document may contain specific provisions that are tailored to the unique circumstances of the employment arrangement or the industry in question.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

Short-Form Commercial Supplier Agreement (UK)

The Short-Form Commercial Supplier Agreement (UK) is a legal template specifically designed to facilitate business transactions between suppliers and customers in the United Kingdom. This contract is governed by UK law and covers a broad range of matters that are essential for both parties involved.

This agreement outlines the terms and conditions that govern the goods or services being supplied by the supplier. It includes key provisions such as pricing, payment terms, delivery schedules, and quality standards. The template also covers important legal aspects such as warranties, intellectual property rights, and confidentiality obligations.

By using this template, both the supplier and customer can establish a clear understanding of their rights, responsibilities, and obligations in the commercial relationship. This legal document helps minimize potential disputes by providing a comprehensive framework for the business arrangement.

The Short-Form Commercial Supplier Agreement is ideal for small to medium-sized enterprises or businesses engaging in relatively straightforward supply arrangements. It offers a concise and user-friendly format that can be easily customized to suit specific business needs and requirements.

Furthermore, as this agreement is drafted under UK law, it ensures compliance with the legal and regulatory framework within the UK jurisdiction. It provides a solid legal foundation for businesses operating in the UK, ensuring both parties are aware of their legal rights and obligations.

Overall, the Short-Form Commercial Supplier Agreement (UK) is a highly valuable legal template that assists suppliers and customers in establishing a mutually beneficial commercial relationship while protecting their interests and complying with UK law.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
6
RATINGS
1
DISCUSSIONS
0

Simple Loan Agreement To Employee Benefit Trust (EBT)

This legal template is a document that outlines the terms and conditions of a simple loan agreement entered into between an employee benefit trust (EBT) and another party. The agreement is specifically designed to comply with UK law and governs the lending of funds by the EBT to the borrower.

The template would likely include standard sections such as the date and details of the agreement, the identities of the parties involved, loan amount and repayment terms, interest rate (if any), collateral or guarantees (if applicable), provisions for early repayment or default, and other relevant clauses to protect the interests of both parties.

The purpose of the loan agreement could vary, but generally, it would involve the EBT providing financial assistance to the borrower, which could be an employee or a related party. The loan might be utilized for personal reasons, such as home improvements, education, or emergency expenses, or for business purposes like start-up capital, investment, or debt consolidation.

As this template is specific to a loan agreement involving an EBT, it is likely that the provisions within the document would align with the specific regulations and guidelines governing EBTs in the UK. These might include compliance with tax laws, restrictions on the use of loan funds, reporting requirements, and any other legal obligations that the EBT needs to adhere to.

Overall, this legal template provides a standardized format for creating a loan agreement between an EBT and another party, ensuring clarity, fairness, and legal compliance in the lending process.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
5
RATINGS
4
DISCUSSIONS
2

Short Form Subscription Letter (Future Payment)

The Short Form Subscription Letter (Future Payment) is a legal template designed to facilitate the agreement between two parties, one being a service provider and the other a subscriber, under UK law. This template is specifically tailored for situations where the subscriber wishes to receive future services or products from the service provider in exchange for a periodic payment or subscription fee.

The template includes provisions that outline the key details of the subscription arrangement such as the duration, scope of services, payment terms, and any specific obligations of both parties. It also covers important aspects such as termination, renewal, and any conditions or restrictions that may be applicable throughout the subscription period.

By utilizing this legal template, both parties can clearly define their rights and obligations, mitigating the risk of misunderstandings or disputes in the future. It provides a legally binding agreement that protects the interests of both the service provider and the subscriber, ensuring a harmonious relationship throughout the duration of the subscription.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
5
RATINGS
2
DISCUSSIONS
1