A Deed of Release is a legal document that is commonly used in Australia to formally terminate an employment relationship between an employer and employee. It is a written agreement between the two parties that typically outlines the terms and conditions of the termination, including any payments, benefits or other obligations that may arise from the termination.

A Deed of Release is a legal document that is commonly used in Australia to formally terminate an employment relationship between an employer and employee. It is a written agreement between the two parties that typically outlines the terms and conditions of the termination, including any payments, benefits or other obligations that may arise from the termination.

The Deed of Release is usually prepared by the employer and provided to the employee for review and signature. It is important to note that the employee should seek independent legal advice before signing the Deed of Release to ensure that they fully understand their rights and obligations under the agreement.

The Deed of Release will typically include provisions that release the employer from any claims that the employee may have against them arising from their employment, including claims for unfair dismissal, discrimination, breach of contract or any other claims. It may also include provisions that restrict the employee from making any derogatory comments or disclosing any confidential information about the employer.

In exchange for signing the Deed of Release, the employer may offer the employee a severance payment or other benefits. The Deed of Release may also include provisions that restrict the employee from soliciting clients or employees of the employer or from working for a competing business for a certain period of time.

In summary, a Deed of Release is a legally binding document that is used to formalise the termination of an employment relationship. It is important that both parties understand and agree to the terms of the agreement before it is signed. Please contact us should you require professional legal advice about your agreement.

What's included?

These easy to customise templates set out the terms under which an employment contract ends, either by way of termination or redundancy. This Deed of Release is for use by a company to an individual and releases the employer from future claims by the employee. The templates include provisions about:

• Confidentiality

• Non disparagement

• Post employment restraints

• Warranties

• Costs.

How does it work?

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