Bold Seagull
strong and stable with me, or...
Any 2 parties bound by a contract can end that contract if they mutually agree. There doesn't need to be any specific terms in the contract for this because both parties agreeing to end a contract is enshrined in contract law. Compensation is just the amount needed to get 1 party to agree to end the contract with the other, in some cases compensation isn't required because both parties agree to end the contract.Don’t think we have any ‘release clause’ in any contracts. It’s more a compensation thing. They are tied to contracts aren’t they? Release clause in this context is just compensation no?
The difference with a release clause is that it is a term of the contract, if amount £X is paid, then the contract is ended under that term. That figure was agreed at the outset of the contract. There is no negotiation or compensation required because the term of the contract has been fulfilled and the contract is ended not through mutual agreement, but under the terms of the contract.