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A release letter is typically given by a lender to a borrower after repayment of the borrowers outstanding loans to the lender under a secured loan agreement. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.
What does a letter of release mean?
Letters of Release means the letters of release (executed as deeds) relating to the Former Employees of the Company releasing the Company from all or any liability which the Company may have to such Former Employees howsoever arising.
What does permit release mean?
Permitted Release means a press release announcing the purchase and sale of the Property and the resulting ownership and control of the Property so long as the release does not, except to the extent required by applicable law, disclose or reference (x) the sale price or any other economic terms relating to the Property
Why do you need a release letter?
A release letter is an official document that confirms the termination of a contract, employment, or business partnership. It serves as proof that both parties are free of obligations moving forward.
What is a letter of release?
a legal document giving official permission to do something. synonyms: licence, license.
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A relieving letter is issued to you towards the end of your job. It is proof of your experience and your subsequent release from all duties from the previous organisation and is required as you join a new company.
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