Deed of release and waiver

The following Commercial precedent provides comprehensive and up to date legal information covering:

  • Deed of release and waiver
  • background
  • 1 Definitions and interpretation
  • 2 Release and waiver
  • 3 Indemnity
  • 4 Retention of rights
  • 5 Governing law
  • 6 Jurisdiction
  • The Schedule

Deed of release and waiver

This Deed is made on [date]

Parties

  1. 1

    [insert name of Party A], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (Party A); and

  1. 2

    [insert name of Party B] a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (Party B)

each of Party A and Party B being a party and together Party A and Party B are the parties.

background

    1. (A)

      Party B agreed certain obligations and liabilities in favour of Party A in accordance with the Agreement (as defined below).

    1. (B)

      [include details of the reasons for granting the release and waiver].

this DEED WITNESSES

    1. 1

      Definitions and interpretation

      1. 1.1

        Unless otherwise provided the words and expressions in and the interpretation of this Deed shall be as set out in the Agreement (defined below).

      1. 1.2

        In this Deed:

        Agreement

        1. means the agreement dated [insert date] between Party A and Party B for the purposes of [insert summary of agreement];

        Claim

        1. means any existing or potential claim, counterclaim, right of set-off, indemnity, cause of action, demand, right or interest [in any jurisdiction and] whether in law or in equity (including negligence) by Party A against Party B, including costs, interest and taxes, [whether] known [or unknown] to the parties or to law, or suspected

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