A Release of Purchase Agreement is utilized when parties wish to formally terminate their existing purchase arrangement and release each other from future obligations. This document is particularly relevant when circumstances have changed, making the original purchase agreement no longer viable or desirable for the parties involved. Under English and Welsh law, the Release of Purchase Agreement must include clear terms of release, consideration (if any), and specify which obligations survive. It serves as a crucial risk management tool by preventing future disputes and providing a clean break between parties.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies all parties to the release agreement
2. Background: Details of the original purchase agreement and circumstances leading to release
3. Definitions: Key terms used throughout the document
4. Release Terms: Specific terms of the release from the purchase agreement
5. Consideration: Details of any payment or value exchanged for the release
6. Governing Law: Confirms jurisdiction and applicable law
1. Confidentiality: Used when parties wish to keep the terms of the release and original agreement confidential
2. Non-Disparagement: Prevents parties from making negative statements about each other in relation to the release
3. Survival Clauses: Specifies which obligations from the original agreement survive the release
4. Return of Property: Arrangements for returning any relevant property or materials between parties
1. Schedule 1 - Original Purchase Agreement: Copy of the agreement being released
2. Schedule 2 - Payment Schedule: Details of any consideration payments and their timing
3. Schedule 3 - Property Schedule: List of any property to be returned or transferred between parties
4. Schedule 4 - Outstanding Obligations: List of any obligations that survive the release
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Work For Hire Release
An England & Wales legal document transferring intellectual property rights from creator to commissioning party.
find out more
Waiver Of Liability Release Form
An England & Wales legal document limiting liability for activities with inherent risks.
find out more
Unilateral Release Agreement
An England & Wales legal document releasing one party from future claims by another party.
find out more
Talent Release Agreement
An England & Wales legal document authorizing media usage rights and protections for talent and producers.
find out more
Rental Lease Termination Letter
An England & Wales legal notice terminating a residential tenancy agreement, confirming statutory compliance and final arrangements.
find out more
Rental Agreement Termination Letter
An England & Wales legal document formally ending a tenancy agreement, detailing notice periods and termination terms.
find out more
Rental Agreement Liability Waiver
An England & Wales legal waiver outlining rental liability limits and statutory tenant protections.
find out more
Release Of Purchase Agreement
An England & Wales legal document terminating a purchase agreement and releasing parties from future obligations.
find out more
Release Of Guarantee Agreement
An England & Wales legal document terminating a guarantor's obligations under an existing guarantee arrangement.
find out more
Release Of Confidentiality Form
An England & Wales document releasing specific information from confidentiality obligations under legal compliance.
find out more
Release And Waiver Of Liability Form
An England & Wales legal document waiving liability for participants in high-risk activities or services.
find out more
Real Estate Release Agreement
An England & Wales legal document releasing property-related rights and settling associated claims or interests.
find out more
Payment Release Agreement
An England & Wales legal document detailing conditions for payment release in complex transactions.
find out more
Patient Waiver Of Liability
An England & Wales document acknowledging patient consent and risk awareness before medical procedures.
find out more
Parent Guardian Release And Indemnity Agreement
An England & Wales legal document granting parental consent and liability release for minors' participation in activities.
find out more
Motorcycle Ride Waiver Release Consent
An England & Wales legal document outlining risks and liabilities for motorcycle ride participants.
find out more
Medical Waiver Of Liability
An England & Wales document ensuring informed consent for medical procedures, acknowledging risks and protecting providers.
find out more
Lease Release Form
An England & Wales legal document terminating a lease, settling obligations, and returning deposits between landlord and tenant.
find out more
Hold Harmless Waiver Form
An England & Wales legal document transferring risk and liability for specific activities, respecting statutory limitations.
find out more
General Release Letter
An England & Wales legal document releasing parties from future claims post-dispute or relationship termination.
find out more
General Release For Employment Termination
An England & Wales legal document settling employment termination terms and preventing future disputes.
find out more
Equipment Rental Release Form
An England & Wales legal notice terminating a residential tenancy, detailing tenant and property information.
find out more
Construction Waiver Of Liability Form
An England & Wales legal document notifying a landlord of a tenant's intent to vacate a rental property.
find out more
Waiver Of Liability For Injury
A legal document under English and Welsh law where participants acknowledge risks and accept limited liability terms for specific activities.
find out more
General Release Of All Claims Agreement
A legally binding document under English law that settles and releases all claims between parties, known and unknown, subject to statutory exceptions.
find out more
Severance Waiver
An English law agreement where an employee waives employment-related claims in exchange for severance payment.
find out more
Severance Release Form
An English law agreement that settles employment termination terms and releases employer from claims in exchange for compensation.
find out more
Landlord Tenant Mutual Release
An England and Wales jurisdiction document that mutually terminates a tenancy agreement and releases both parties from their obligations.
find out more
Employment Waiver Release Agreement
A legally binding agreement under English and Welsh law documenting employment termination terms and the waiver of potential claims against the employer.
find out more
Auto Damage Release Form
A legal document under English and Welsh law used to settle vehicle damage claims and release parties from future liability.
find out more
Volunteer Waiver Agreement
A legal document under English and Welsh law establishing volunteer relationships and managing liability between organizations and their volunteers.
find out more
Release Of Personal Guaranty
An English law document that formally releases an individual or entity from their obligations under a personal guarantee.
find out more
Mutual Release Of Earnest Money
An English law agreement that facilitates the mutual release of earnest money between parties when a transaction does not proceed.
find out more
General Release Of All Claims
A legally binding document under English and Welsh law where one party releases all claims against another party in exchange for consideration.
find out more
Volunteer Hold Harmless Agreement
A legal agreement under English and Welsh law protecting organizations from liability claims arising from volunteer activities.
find out more
Unlimited Personal Release Agreement
A legal agreement under English and Welsh law granting unlimited rights to use an individual's image, likeness, or personal attributes.
find out more
Separation Agreement Mutual Release
A legally binding agreement under English and Welsh law that formalizes separation terms and includes mutual releases from future claims between separating parties.
find out more
Land Contract Release Form
A legal document under English and Welsh law used to formally terminate and release parties from obligations under an existing land contract.
find out more
Image Release Agreement
A legal agreement under English and Welsh law governing the permission to use and distribute specific images or photographs.
find out more
General Release Of All Claims Form
A legally binding document under English and Welsh law that releases all claims between parties and prevents future legal actions related to specified matters.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)