What is this document?
A Resignation, Release and Waiver is a legal document where one party agrees to resign from their position, and waive any present or future claims against the other party.
When would I use this document?
A Resignation, Release and Waiver can be used where an employee is resigning from a company, or a director is resigning from a board of directors.
Who signs this document?
A Resignation, Release and Waiver is signed by the party who is resigning.
More details about this document
A Resignation, Release and Waiver is a document signed by an employee or a director of a company when they resign from their position. The purpose of the document is to ensure that an employee or director will not bring a claim against the company.
The document is a one-sided document, in favour of the company from which the employee or director is resigning. Some Resignation, Release and Waivers can be drafted in relation to separate documents, such as a termination letter or a share purchase agreement.
What are the core elements of this document?
The core elements of a Resignation, Release and Waiver include: Release of Claims, Waiver of Liability, and Independent Legal Advice.
Additional clauses could include: Enurement, Entire Agreement and Precedence of Agreements.
Related Documents
- Nondisclosure/Confidentiality Agreement - an agreement that protects confidential information.
- Contractor/Consulting/Services Agreement - this type of agreement can have various names, and is used when a person is paid to provide services but is not hired as an employee. Payment can be flexible eg. money, shares or some other form of compensation.
- Employment Agreement - an agreement that sets out the terms of an employment relationship.
- Termination Agreement - an agreement used to terminate another agreement.