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Deed Of Release And Quitclaim With Undertaking Template for England and Wales

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Key Requirements PROMPT example:

Deed Of Release And Quitclaim With Undertaking

"Need a Deed of Release and Quitclaim with Undertaking to settle an ongoing property dispute with our former business partner, including specific undertakings about non-competition in the London area until January 2025 and the return of company documentation."

Document background
The Deed of Release and Quitclaim With Undertaking is commonly used in England and Wales when parties wish to achieve a complete settlement of existing claims while establishing binding future obligations. It serves as a powerful tool for dispute resolution, combining the finality of a release with forward-looking commitments. This document is particularly valuable in complex settlements where parties need both to resolve existing issues and establish a framework for future conduct. The deed format provides additional security and enforceability compared to simple contracts.
Suggested Sections

1. Parties: Identification of all parties to the deed

2. Background: Context and circumstances leading to the release

3. Definitions: Key terms used throughout the deed

4. Release Provisions: Core terms of the release and quitclaim

5. Undertakings: Specific promises made by the parties

6. Execution: Formal execution blocks for all parties

Optional Sections

1. Consideration: Details of any payment or consideration, if applicable

2. Confidentiality: Required when parties wish to keep terms confidential

3. Third Party Rights: Include when third party rights are relevant

4. Governing Law and Jurisdiction: Include for cross-border situations

Suggested Schedules

1. Released Claims: Detailed list of claims being released

2. Released Properties: Description of any properties involved

3. Payment Schedule: If consideration is paid in instalments

4. Related Agreements: List of associated agreements affected by the release

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

































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Industries

Law of Property Act 1925: Core legislation governing property law, including requirements for deeds, transfer of property rights, and legal formalities

Law of Property (Miscellaneous Provisions) Act 1989: Specifies requirements for deeds (Section 1) and mandates that contracts for sale of land must be in writing (Section 2)

Limitation Act 1980: Governs time limits for bringing claims and affects the release of rights in legal agreements

Common Law Contract Principles: Fundamental principles including consideration, capacity to contract, and intention to create legal relations

Companies Act 2006: Regulates execution of deeds by companies and authority requirements when corporate entities are involved

Trustee Act 2000: Governs trustee powers and duties when trustees are involved in the deed

Land Registration Act 2002: Covers registration requirements and priority of interests for real property transactions

Civil Procedure Rules: Impacts effect on litigation rights and enforcement of the deed

Contracts (Rights of Third Parties) Act 1999: Governs third party rights and enforcement provisions in contractual arrangements

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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