In certain circumstances, a Deed of Release is required to be executed by both the employer and employee in negotiating the termination of employment. A Deed of Release is used to settle disputes between two parties or prevent disputes arising in the future. Typically under such a document, one party undertakes to pay a certain amount or to do a specific act (typically the employer). The other party (typically the employee) then agrees that it will be prevented from making any further claims related on that matter.
