Release Of Claims Form Template for Austria

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Key Requirements PROMPT example:

Release Of Claims Form

"I need a Release of Claims Form under Austrian law for settling a workplace injury dispute between our manufacturing company and a former employee, including a settlement payment of €50,000 to be paid by March 15, 2025, with strict confidentiality provisions."

Document background

The Release of Claims Form is a crucial legal instrument in Austrian business and civil matters, used to document the formal settlement of disputes and release of legal claims. This document type is particularly important when parties wish to resolve existing or potential disputes without proceeding to litigation, or when concluding settlements of ongoing legal proceedings. The form must comply with Austrian Civil Code requirements, particularly regarding settlement agreements (Vergleich) under §1380 ABGB. It typically includes detailed descriptions of the released claims, consideration provided, and any conditions attached to the release. The document is commonly used in employment terminations, insurance settlements, business disputes, and personal injury cases, providing legal certainty and protection for all parties involved. The Release of Claims Form should be carefully drafted to ensure it effectively bars future claims while remaining enforceable under Austrian law.

Suggested Sections

1. Parties: Identification of all parties involved, including full legal names, addresses, and any relevant registration numbers for companies

2. Background: Brief description of the circumstances leading to the release, including relevant dates and events

3. Definitions: Clear definitions of key terms used in the document, particularly the scope of 'Claims' being released

4. Release and Waiver: The core provision where the releasing party waives and releases specified claims against the released party

5. Consideration: Description of the consideration being provided in exchange for the release

6. Representations and Warranties: Statements confirming the parties' authority to enter into the agreement and understanding of its implications

7. Governing Law: Specification that Austrian law governs the agreement and related jurisdictional provisions

8. Execution: Signature blocks and date of execution

Optional Sections

1. Confidentiality: Optional provisions regarding confidentiality of the settlement terms and underlying dispute, used when parties wish to maintain privacy

2. Non-Disparagement: Optional clause preventing parties from making negative statements about each other, typically used in employment-related releases

3. Future Cooperation: Optional provisions regarding how parties will interact in the future, useful in business relationships that will continue

4. Tax Implications: Optional section addressing tax treatment of any payments, particularly important for larger settlements

5. Severability: Optional clause ensuring that if any provision is found invalid, the remainder of the agreement remains effective

Suggested Schedules

1. Schedule A - Description of Claims: Detailed list and description of all claims being released, including dates, amounts, and nature of claims

2. Schedule B - Payment Terms: If applicable, detailed breakdown of any settlement payments, including payment schedule and method

3. Appendix 1 - Related Documents: Copies or references to relevant documents related to the released claims (e.g., contracts, correspondence)

4. Appendix 2 - Corporate Authorizations: If any party is a corporation, documentation proving authority to execute the release

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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Banking and Finance

Manufacturing

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Legal

Human Resources

Compliance

Risk Management

Corporate Affairs

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Legal Counsel

Corporate Lawyer

Human Resources Manager

Risk Manager

Compliance Officer

Claims Manager

Settlement Officer

Contract Administrator

Business Development Manager

Chief Legal Officer

General Counsel

HR Director

Insurance Claims Adjuster

Corporate Secretary

Legal Operations Manager

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