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Statement Of Release Form for Australia

Statement Of Release Form Template for Australia

A Statement of Release Form is a legally binding document used in Australian jurisdictions to formally release one party from claims, liabilities, or obligations owed to another party. This document serves as a formal waiver of rights and typically includes specific details about the claims being released, the consideration provided, and acknowledgments of understanding by all parties involved. The document must comply with Australian federal and state-specific legislation, including the Australian Consumer Law and relevant Civil Liability Acts, ensuring it meets all legal requirements for enforceability across Australian jurisdictions.

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What is a Statement Of Release Form?

The Statement of Release Form is a critical legal document used in Australian business and personal contexts to formally conclude obligations, settle disputes, or waive legal rights. This document is commonly used following dispute resolutions, settlements, completion of projects, or termination of relationships where parties wish to prevent future claims or litigation. The form must be carefully drafted to comply with Australian federal and state legislation, including the Competition and Consumer Act 2010 and relevant state-based Civil Liability Acts. It typically includes specific details about the parties involved, the rights being released, any consideration provided, and acknowledgments of understanding. The document is particularly important in risk management and dispute resolution contexts, providing legal certainty and finality to various types of transactions and agreements.

What sections should be included in a Statement Of Release Form?

1. Parties: Identification of the Releasor (person giving the release) and Releasee (person being released), including full legal names and addresses

2. Background: Brief context of the circumstances leading to the release, including relevant dates and events

3. Definitions: Clear definitions of key terms used in the document, including 'Released Claims', 'Effective Date', and any specific terms relevant to the situation

4. Release and Discharge: The core release clause detailing what claims, rights, or obligations are being released

5. Consideration: Statement of the consideration being provided in exchange for the release

6. Acknowledgment: Confirmation that the Releasor understands the implications of the release and has had the opportunity to seek independent legal advice

7. Non-Admission of Liability: Statement that the release does not constitute an admission of liability by any party

8. Governing Law: Specification that the release is governed by Australian law and the relevant state/territory jurisdiction

9. Execution: Signature blocks for all parties, including witness requirements

What sections are optional to include in a Statement Of Release Form?

1. Confidentiality: Include when the parties wish to keep the terms of the release and/or the underlying dispute confidential

2. Non-Disparagement: Include when parties agree not to make negative statements about each other after the release

3. Future Claims: Include when specifically addressing the handling of any future or unknown claims

4. Return of Property: Include when there is property or documents that need to be returned as part of the release

5. Severability: Include when parties want to ensure that if any provision is found invalid, the rest of the agreement remains enforceable

6. Entire Agreement: Include when this release is intended to supersede all prior agreements or understandings

7. Third Party Rights: Include when the release is intended to benefit or affect third parties

What schedules should be included in a Statement Of Release Form?

1. Schedule A - Released Claims: Detailed list of specific claims, rights, or causes of action being released

2. Schedule B - Excluded Claims: List of any claims specifically excluded from the release

3. Schedule C - Related Parties: List of additional parties covered by the release (e.g., officers, directors, employees)

4. Appendix 1 - Supporting Documents: Any relevant supporting documents referenced in the release

Authors

Alex Denne

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

Jurisdiction

Australia

Publisher

Genie AI

Sector

Cost

Free to use
Relevant legal definitions



























Clauses
























Relevant Industries

Legal Services

Insurance

Healthcare

Construction

Manufacturing

Professional Services

Real Estate

Education

Retail

Technology

Financial Services

Entertainment

Sports and Recreation

Transportation

Hospitality

Relevant Teams

Legal

Human Resources

Risk Management

Compliance

Corporate Affairs

Operations

Finance

Executive Leadership

Administrative Services

Contract Administration

Insurance

Dispute Resolution

Relevant Roles

Legal Counsel

Risk Manager

Human Resources Director

Compliance Officer

Contract Manager

Chief Legal Officer

Corporate Secretary

Operations Manager

Project Manager

Business Development Manager

Insurance Claims Manager

Settlement Officer

Dispute Resolution Specialist

Employment Relations Manager

Chief Executive Officer

Chief Financial Officer

Industries







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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