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Unilateral Release Agreement for Australia

Unilateral Release Agreement Template for Australia

This document is a legally binding Unilateral Release Agreement governed by Australian law, where one party (the Releasor) agrees to release another party (the Releasee) from specified claims, liabilities, or obligations. The agreement complies with Australian contract law principles and relevant state-specific legislation regarding releases and waivers. It includes provisions for consideration, acknowledgments of understanding, and specific details about the claims being released, while incorporating necessary consumer protection and fairness requirements under Australian law.

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What is a Unilateral Release Agreement?

The Unilateral Release Agreement is a critical legal instrument in Australian business and personal contexts, used when one party wishes to formally relinquish claims or rights against another party in exchange for consideration. This document is particularly relevant in settling disputes, concluding business relationships, or managing risk in various transactions. It must comply with Australian federal and state-specific legislation, including contract law principles, consumer protection regulations, and relevant limitation periods. The agreement typically includes detailed descriptions of released claims, consideration provisions, and necessary acknowledgments, while ensuring compliance with requirements regarding unconscionable conduct and unfair contract terms. It's commonly used in settlement scenarios, post-employment arrangements, or following the resolution of business disputes.

What sections should be included in a Unilateral Release Agreement?

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

2. Background: Establishes the context of the release, including relevant history of the relationship between parties and any disputes or claims that led to this agreement

3. Definitions: Defines key terms used throughout the agreement, including 'Claims', 'Released Matters', and any specific terms relevant to the release

4. Release: Core section detailing the specific claims, rights, and causes of action being released

5. Consideration: Specifies what the Releasor is receiving in exchange for providing the release

6. Acknowledgments: Releasor's confirmations regarding understanding of the release, opportunity for legal advice, and voluntary nature of execution

7. No Admission: Statement that the agreement and consideration do not constitute admission of liability by the Releasee

8. Governing Law: Specifies that Australian law governs the agreement and nominates jurisdiction for disputes

9. Execution: Formal signing section with date and witness requirements

What sections are optional to include in a Unilateral Release Agreement?

1. Confidentiality: Include when parties wish to keep the existence or terms of the release confidential

2. Future Claims: Include when specifically addressing potential future claims that may arise from past events

3. Non-Disparagement: Include when parties wish to prevent negative statements about each other

4. Related Entities: Include when the release should extend to related corporate entities, officers, or employees

5. Severability: Include when parties want to ensure partial invalidity doesn't void the entire agreement

6. Legal Advice: Include when specifically acknowledging that parties have received or had the opportunity to receive independent legal advice

7. Assignment: Include when addressing whether rights under the agreement can be assigned to other parties

What schedules should be included in a Unilateral Release Agreement?

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

2. Schedule 2 - Related Parties: List of additional parties covered by the release (e.g., subsidiaries, directors, employees)

3. Schedule 3 - Excluded Claims: List of any specific claims or rights explicitly excluded from the release

4. Appendix A - Supporting Documents: Copies of relevant background documents referenced in the release

5. Appendix B - Payment Details: Details of any consideration or payment arrangements

Authors

Alex Denne

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

Jurisdiction

Australia

Publisher

Ƶ

Document Type

Release Agreement

Cost

Free to use
Relevant legal definitions




























Clauses
























Relevant Industries

Legal Services

Financial Services

Insurance

Construction

Manufacturing

Healthcare

Real Estate

Technology

Mining and Resources

Professional Services

Retail

Education

Transport and Logistics

Relevant Teams

Legal

Risk Management

Compliance

Human Resources

Executive Leadership

Finance

Operations

Corporate Affairs

Administration

Company Secretariat

Relevant Roles

Legal Counsel

Risk Manager

Compliance Officer

Human Resources Director

Chief Legal Officer

Chief Executive Officer

Chief Financial Officer

Operations Manager

Contract Administrator

Settlement Officer

Company Secretary

General Manager

Department Head

Project Manager

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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