A deed of release is a legal document used to formalise the settlement or resolution of a dispute between parties. It is typically executed when one party agrees to release the other party from certain claims, liabilities, or obligations in exchange for some form of consideration, such as payment or other concessions. The deed of release serves as evidence that both parties have agreed to resolve their differences and releases each other from further legal action related to the dispute. This document is commonly used in various contexts, including business transactions, employment agreements, and legal settlements, to provide clarity and finality to the resolution of disputes.
A deed that is evidence of the release of a property from a lien.
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This glossary post was last updated: 29th March 2024.
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