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1. Parties: Identifies the contracting parties - typically the business/company and the independent contractor
2. Background: Outlines the existing contractual relationship, reference to original agreement, and context for the release
3. Definitions: Defines key terms used throughout the agreement
4. Termination Date: Specifies the effective date of contract termination and release
5. Final Payment: Details of any final payments, including amounts, timing, and payment method
6. Release of Claims: Mutual release of claims between parties, including specific claims being released
7. Return of Property: Requirements for returning company property, documents, and materials
8. Continuing Obligations: Identifies which obligations from the original agreement survive termination
9. Tax Implications: Acknowledgment of tax responsibilities and obligations
10. General Provisions: Standard contract clauses including governing law, entire agreement, and amendments
11. Execution: Signature blocks and execution requirements
1. Non-Disparagement: Mutual agreement not to make negative statements about each other - useful in high-profile or sensitive terminations
2. Intellectual Property Assignment: Additional IP transfer provisions - needed if IP was created during the engagement
3. Confidentiality: Enhanced confidentiality provisions - important if standard provisions in original agreement need reinforcement
4. Reference and Announcements: Terms regarding future references and public announcements - useful for maintaining professional relationships
5. Transition Assistance: Requirements for knowledge transfer or handover - needed if contractor handled critical functions
6. Future Work: Provisions regarding potential future engagements - useful if parties want to leave door open for future collaboration
7. Dispute Resolution: Specific dispute resolution procedures - important for high-value or complex relationships
1. Schedule A - Original Agreement: Copy or reference to the original Independent Contractor Agreement being terminated
2. Schedule B - Final Payment Details: Detailed breakdown of final payments, including any outstanding invoices or expenses
3. Schedule C - Company Property List: Itemized list of company property to be returned
4. Schedule D - Ongoing Projects: List of projects requiring handover or transition
5. Schedule E - Surviving Obligations: Detailed list of specific obligations that survive termination
Business Day
Claim
Company
Company Property
Confidential Information
Contractor
Effective Date
Final Payment
GST
Initial Agreement
Intellectual Property Rights
Original Contract
Parties
Release
Services
Termination Date
Transition Period
Outstanding Deliverables
Personal Information
Related Bodies Corporate
Representative
Surviving Obligations
Tax Invoice
Work Product
Release and Waiver
Final Payment
Return of Property
Confidentiality
Intellectual Property
Non-Disparagement
Mutual Release
Tax Obligations
Indemnification
Surviving Obligations
Further Assurance
Transition
References
Non-Admission
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Notices
Assignment
Counterparts
Privacy
Interpretation
Information Technology
Construction
Professional Services
Healthcare
Education
Media and Entertainment
Financial Services
Manufacturing
Mining
Consulting
Real Estate
Engineering
Creative Industries
Human Resources
Legal
Procurement
Operations
Finance
Compliance
Risk Management
Project Management
Administration
Human Resources Manager
Legal Counsel
Procurement Manager
Project Manager
Contract Administrator
Chief Financial Officer
Operations Manager
Department Head
Hiring Manager
Business Unit Director
Compliance Officer
Risk Manager
General Counsel
HR Director
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