Deeds of Settlement and Release are used by parties reaching a settlement in a contractual dispute or legal proceeding to (amongst other things):
- record the general terms of the settlement;
- identify any cause of action or property to which the settlement relates;
- set out the breakdown of the funds received by a property for the purposes of taxation etc.;
- set out releases and indemnities provided by each party (if any), which could range from partial releases and indemnities to full and final settlement of all known and unknown claims.
Rowe Bristol Lawyers recommends that clients receive advice before entering into any Deed of Settlement and Release to ensure the terms of a proposed settlements are suitable in the circumstances.
Rowe Bristol Lawyers very frequently advises clients with respect to the terms and drafting of Deeds of Settlement and Release, including:
- providing advice as to the legal merits of an offer of settlement;
- drafting Deeds of Settlement and Release to protect the client’s interests;
- liaising with other parties in relation to terms proposed to be included in a Deed of Settlement and Release; and
- providing advice as to the terms of a Deed of Settlement and Release, including with respect to exposure to future claims and taxation liability.
If you require legal advice in relation to Deeds of Settlement and Release, pleasedo not hesitate to contact us to arrange a meeting so that we may consider your specific circumstances.