e-Sign with Lawpath

Release Letter Agreement

This Letter Agreement is for the purpose of releasing both parties from obligations and liabilities under an agreement, once the main obligations of the agreement have been met. It is not intended to apply in any employment context.

star_borderstar_borderstar_borderstar_borderstar_border

(0 reviews)

timer

Under 10 minutes

location_on

Suitable for Australia

Get 1st document free

Document Overview

This Letter Agreement assumes there is an existing agreement between two parties and both wish to release each other from their liabilities and obligations under that agreement. For a one-way release, see the Deed of Release and Waiver.

What's the difference between a release and a waiver?

“Release” and “waiver” can have different meanings. In this precedent, a “release” relieves one party of its obligations and liabilities and a “waiver” occurs when one party gives up its rights to take action or enforce its rights under a contract against the other party. The distinction between a release and a waiver is that the latter is more usually confined to situations where one party is in breach of an obligation. This release should not be confused with a waiver clause, the aim of which is that, if a party fails to take action in respect of a breach, it does not lose its rights to take action in respect of the instant breach or any subsequent breaches. A waiver clause will typically make it clear that any failure or delay in exercising a right under the agreement will not constitute a waiver of that right.

This Deed is not intended to apply in any employment context. For a deed of release applicable to the termination of an employment relationship, see:


It's never been so easy

laptop_mac

Sign-up to a free Lawpath account

Get started and we’ll take care of you. It’s that easy.

gavel
person_outline

Collaborate with e-Sign and Sharing

Having access to your legal documents has never been easier. You can request e-signature, share the document and download for an efficient collaboration.

Create unlimited legal documents and eSignatures for only $39/month.

Upgrade to a Lawpath legal plan to boost your new business.

View plans & pricing
trust-mark

Here's what people say about Lawpath’s Release Letter Agreement

Reviews are managed by BazaarVoice and comply with the BazaarVoice Authenticity Policy. Reviews are independently verified by BazaarVoice and detail our customers' real experiences.

Looking for more documents?

Browse all legal documents