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Standard Procedure for Deed of Release with Financial Advisor?

Discussion in 'Commercial Law Forum' started by Ricky1905, 23 June 2016.

  1. Ricky1905

    Ricky1905 Member

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    Hi,

    I have a quick question regarding a dispute with my financial advisor. We have agreed on settling our matter using a Deed of Release, however I have 2 questions.

    1) The draft Deed of Release states the settlement is to occur within 28 days. Is 28 days the standard, or can I request something much shorter (Such as 7)?
    2) Is there a requirement for one party to sign prior to the other?

    Thanks,
     
  2. Sophea

    Sophea Well-Known Member

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    You can negotiate whichever terms you want - including the date of settlement. And no - one party does not have to sign before the other.
     
  3. Serge Gorval

    Serge Gorval Well-Known Member

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    1. You can negotiate any payment term you like.
    2. Can execute the agreement in counterparts. Each retain the others signed copy of the agreement.
    3. Release will only take effect after payment is made (unless that is in the deed, then put a term to that effect in!)
     

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