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1. Parties: Identifies all parties to the release, including the releasing party and the released party(ies)
2. Background: Describes the context of the relationship between the parties, the original contract or situation, and the circumstances leading to this partial release
3. Definitions: Defines key terms used in the document, particularly 'Claims', 'Released Claims', 'Preserved Claims', and 'Payment Amount'
4. Consideration: Specifies the payment amount or other consideration being provided in exchange for the partial release
5. Released Claims: Detailed description of which specific claims, rights, and causes of action are being released
6. Preserved Claims: Explicit listing of claims that are not being released and are preserved for future action
7. Representations and Warranties: Statements by the releasing party regarding their authority to release claims and that they haven't assigned the claims to others
8. Execution: Signature blocks and execution requirements
1. Confidentiality: Include when the parties wish to keep the terms of the release confidential
2. Non-Disparagement: Include when parties want to prevent negative statements about each other
3. Further Assurances: Include when additional documentation or actions might be needed in the future
4. Governing Law and Jurisdiction: Include when parties are in different jurisdictions or specific court jurisdiction needs to be established
5. No Admission of Liability: Include when the released party wants to explicitly state that the release doesn't constitute admission of wrongdoing
6. Revival of Claims: Include when there's a need to address what happens if the payment is reversed or agreement breached
1. Schedule A - Payment Details: Detailed breakdown of the payment amount, including any installments or conditions
2. Schedule B - Specific Released Claims: Itemized list of specific claims, invoices, or matters being released
3. Schedule C - Preserved Claims: Detailed list of specific claims being preserved
4. Appendix 1 - Original Contract Reference: Copy or reference to the original contract or agreement related to the claims
5. Appendix 2 - Supporting Documents: Any relevant supporting documentation referenced in the release
Claims
Released Claims
Preserved Claims
Payment Amount
Effective Date
Project
Contract Documents
Releasing Party
Released Party
Additional Beneficiaries
Work
Services
Payment Period
Prior Payment
Lien Rights
Holdback
Release Date
Original Contract
Subject Matter
Supporting Documentation
Consideration
Representatives
Affiliates
Related Entities
Successors and Assigns
Business Day
Governing Law
Jurisdiction
Force Majeure Events
Substantial Completion
Progress Payment
Outstanding Balance
Disputed Claims
Undisputed Claims
Recitals
Definitions
Consideration
Payment Terms
Release of Claims
Preserved Claims
Representations and Warranties
Authority to Execute
No Assignment of Claims
Confidentiality
Non-Disparagement
Further Assurances
Severability
Entire Agreement
Amendment
Governing Law
Jurisdiction
No Admission of Liability
Independent Legal Advice
Execution
Notice
Survival
Force Majeure
Waiver
Counterparts
Electronic Signatures
Language of Agreement
Construction
Real Estate Development
Professional Services
Manufacturing
Engineering
Technology Services
Infrastructure
Energy
Mining
Healthcare
Education
Transportation
Telecommunications
Legal
Finance
Operations
Project Management
Risk Management
Procurement
Accounts Payable
Compliance
Commercial
Construction Management
Contract Administration
Contract Manager
Project Manager
Legal Counsel
Chief Financial Officer
Construction Manager
Claims Manager
Risk Manager
Commercial Director
Finance Director
Operations Manager
Procurement Manager
General Counsel
Account Executive
Project Coordinator
Construction Superintendent
Financial Controller
Compliance Officer
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