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1. Parties: Identification of all contracting parties including full legal names and addresses
2. Background: Reference to original contract, date of execution, and brief description of circumstances leading to early termination
3. Definitions: Key terms used in the termination agreement, including reference to defined terms from original contract
4. Termination Date: Specific date when the original contract will terminate
5. Grounds for Termination: Legal basis and factual reasons for the early termination
6. Mutual Agreement: Confirmation that both parties agree to the premature termination
7. Outstanding Obligations: List of any remaining obligations to be fulfilled before or after termination
8. Financial Settlement: Details of final payments, refunds, or financial adjustments
9. Return of Property: Provisions for returning any physical or intellectual property
10. Confidentiality: Ongoing obligations regarding confidential information
11. Mutual Release: Release of claims related to the original contract
12. Governing Law: Confirmation of German law application and jurisdiction
13. Signatures: Execution blocks for all parties
1. Transition Period: Terms governing any transition period, used when immediate termination is not practical
2. Surviving Provisions: List of original contract provisions that remain in effect, used when certain obligations continue post-termination
3. Non-Competition: Continued validity of non-compete clauses, included when original contract contained such provisions
4. Third Party Rights: Addressing impact on third party agreements, used when third parties are affected by the termination
5. Insurance: Provisions regarding insurance obligations, included when relevant to the contract type
6. Public Announcements: Terms for managing public communications about the termination, used for significant commercial relationships
7. Tax Implications: Addressing tax consequences of early termination, used when significant financial settlements are involved
1. Schedule 1 - Original Contract: Copy of the original contract being terminated
2. Schedule 2 - Settlement Calculation: Detailed breakdown of any financial settlements or adjustments
3. Schedule 3 - Handover Plan: Timeline and process for transitioning responsibilities or assets
4. Schedule 4 - Outstanding Items: List of pending matters and their resolution plan
5. Appendix A - Release Form: Standard release of claims form under German law
6. Appendix B - Property Register: List of items to be returned by either party
Original Contract
Effective Date
Termination Date
Parties
Company
Counterparty
Outstanding Obligations
Settlement Amount
Transition Period
Confidential Information
Property
Released Claims
Surviving Provisions
Business Day
Force Majeure
Intellectual Property Rights
Material Breach
Notice
Good Cause (Wichtiger Grund)
Settlement Date
Handover Plan
Mutual Release
Representatives
Affiliate
Existing Claims
Discharge
Governing Law
Jurisdiction
Liabilities
Recitals
Definitions
Termination Date
Mutual Agreement
Consideration
Final Settlement
Payment Terms
Return of Property
Confidentiality
Non-Disclosure
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Mutual Release
Indemnification
Representations and Warranties
Surviving Obligations
Transition Arrangements
Good Faith
Force Majeure
Notice Requirements
Amendment
Assignment
Severability
Entire Agreement
Governing Law
Jurisdiction
Dispute Resolution
Costs and Expenses
Third Party Rights
Execution
Counterparts
Manufacturing
Technology
Real Estate
Professional Services
Retail
Construction
Healthcare
Financial Services
Education
Telecommunications
Energy
Transportation
Hospitality
Media and Entertainment
Software and IT
Consulting
Legal
Procurement
Human Resources
Finance
Operations
Compliance
Risk Management
Commercial
Business Development
Contract Administration
Executive Leadership
Project Management
Legal Counsel
Contract Manager
Chief Legal Officer
Business Development Manager
Procurement Manager
Human Resources Director
Chief Executive Officer
Chief Financial Officer
Project Manager
Account Manager
Operations Director
Risk Manager
Compliance Officer
Commercial Director
General Manager
Department Head
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