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Full Release Of All Claims With Indemnity Template for England and Wales

A Full Release of All Claims with Indemnity is a comprehensive legal document governed by the laws of England and Wales that provides a complete discharge of all claims, known and unknown, that one party may have against another. It includes an indemnification provision protecting the released party from future claims or losses related to the released matters. The document serves as a final settlement of disputes and typically includes specific provisions about the scope of release, consideration, and indemnification obligations.

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What is a Full Release Of All Claims With Indemnity?

A Full Release Of All Claims With Indemnity is commonly used in England and Wales when parties wish to achieve a complete and final settlement of all existing and potential future claims. This document is particularly valuable in complex disputes where parties seek certainty and finality in their legal relationships. It combines a comprehensive release of claims with protective indemnification provisions, making it suitable for high-value settlements or situations involving multiple potential claims. The document typically includes detailed provisions about the scope of release, consideration, indemnification obligations, and any specific exclusions from the release.

What sections should be included in a Full Release Of All Claims With Indemnity?

1. Parties: Identifies all parties to the release, including full legal names and addresses

2. Background: Sets out the context, circumstances, and any disputes or claims leading to the release

3. Definitions: Defines key terms used in the agreement including 'Claims', 'Released Parties', and scope of release

4. Release Provisions: Core terms detailing the scope of release, including present and future claims being released

5. Indemnity Provisions: Terms of the indemnity including scope, limitations, and process for claiming under the indemnity

6. Consideration: Details of payment or other consideration being given in exchange for the release

7. Governing Law: Specifies English and Welsh law as governing law and courts having jurisdiction

What sections are optional to include in a Full Release Of All Claims With Indemnity?

1. Confidentiality: Provisions requiring parties to keep the terms and existence of the release confidential

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

3. Tax Provisions: Provisions addressing tax implications of any payments or consideration

4. Severability: Clause ensuring remainder of agreement remains valid if parts are found unenforceable

What schedules should be included in a Full Release Of All Claims With Indemnity?

1. Schedule 1 - Released Claims: Detailed list of specific claims, disputes, or matters being released

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

3. Schedule 3 - Payment Schedule: Details of any payments including amounts, timing, and payment methods

4. Schedule 4 - Related Agreements: List of any agreements affected by or relevant to this 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

Jurisdiction

England and Wales

Publisher

Genie AI

Document Type

Indemnity Agreement

Cost

Free to use

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