Call us 1300 651 415

Deed of release.

Deed of release.

The idea behind a deed of release is to release you (or former employer) from obligations or further claims in return for money or other consideration to your employee (or ex-employee). It is sometimes called “go away money” or “commercial settlement” because it saves you time or money.

It is a legally binding agreement between you and your employee or ex-employee. Usually you would negotiate a financial sum so they agree not to exercise their usual rights and pursue any further claims, for example, taking you to the Fair Work Commission.

A deed of release can also apply to confidentiality, use or return of company property, references or other obligations after the end of employment. For example, a non-disparagement clause prevents the employee from saying or doing anything negative afterwards that might affect your company or reputation.

Employsure advisers will help you craft a legal deed of release. For peace of mind, please call our 24 hour Advice Line now on 1300 651 415.

Guide Topics

Need Help?

Call us on 1300 651 415

Or send us an enquiry below:

  • This field is for validation purposes and should be left unchanged.

Latest Posts

Penalty rate changes infographic.

Penalty Rate Changes.  The Fair Work Commission announced a reduction in Sunday and public holiday rates earlier this year across th ...