Deed of release

The settlement terms should include:

• the substance of the agreement reached
• time frames for the parties to carry out theirobligations
• consequences of breach of the agreement
• confidentiality clause
• release, and
• costs (each party to pay their own costs).

Kaitlin can take out $100,000 for her overseas work trip from the partnership bank account. While overseas, Kaitlin will receive a 40% share of the profits and Mohammed 60% share. When Kaitlin returns from overseas Kaitlin's share of profits will increase to 60% and Mohammed's reduced to 40% then profit share to be re evaluated after 12 months of Kaitlin's return. Mohammed can employ his wife or another person in the business while Kaitlin is overseas on award wages (relevant to their experience) with the wages for the employee re evaluated after 6 months.