Cancellation Agreement And Mutual Release Template for Canada

1. Non-Disparagement: Mutual agreements not to make negative statements about each other, often included in employment-related cancellations

2. Confidentiality: Obligations to keep the terms of the cancellation agreement confidential, if required

3. Tax Matters: Addresses tax implications of any payments or settlements, particularly relevant for employment or large commercial agreements

4. Insurance and Indemnification: Provisions regarding ongoing insurance obligations or indemnifications that survive the cancellation

5. Assistance with Transition: Requirements for parties to assist in transitioning services or relationships to others

6. Representations and Warranties: Statements about the parties' authority to enter into the agreement and other key facts

7. Non-Admission: Statement that the agreement does not constitute an admission of liability by either party

1. Schedule A - Original Agreement: Copy or details of the agreement(s) being cancelled

2. Schedule B - Released Claims: Detailed list of specific claims being released, if any are specifically identified

3. Schedule C - Settlement Payment Details: Breakdown of any settlement payments, including payment schedule if applicable

4. Schedule D - Property Register: List of property, documents, or materials to be returned by each party

5. Schedule E - Surviving Obligations: Detailed list of obligations that survive the cancellation