Settlement & Release Agreement

South Africa

Updated: Oct 29, 2020

8 clauses

Taneja Law Office

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Taneja Law Office

Law firm

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Key description

  • Use this template to create a Settlement & Release Agreement between a supplier of goods or services and a customer who is unhappy with the goods or services provided.
  • The supplier acknowledges that goods/services were not satisfactory & has agreed to settle for a specified sum in full and final payment & funds will be released after signing the agreement.
  • Key features: *Flexible to suit the requirements of either/both parties *Protects both sides *Well framed & concise *Effective for international transactions
  • In case of any assistance or changes required, the authors/makers of the document will be available to help do the same.




Covered clauses


  • Essence Of The Agreement

  • Preamble

  • Terms Of Settlement

  • Consequence Of This Agreement

  • Entire Understanding

  • Successors To The Agreement

  • Reasonableness

  • Jurisdiction

  • Explanatory Notes

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