Overview of Resignation, Release and Waiver


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.


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