Termination Of Business Relationship for Germany

Termination Of Business Relationship Template for Germany

This document serves as a formal agreement under German law to terminate an existing business relationship between two or more parties. It comprehensively addresses the terms and conditions for ending the business relationship, including settlement of outstanding obligations, handling of confidential information, data protection requirements under GDPR, and post-termination obligations. The agreement is structured in accordance with German Civil Code (BGB) and Commercial Code (HGB) requirements, ensuring compliance with German contract law principles and business practices. It includes provisions for the orderly wind-down of business activities, asset transfers, and ongoing obligations that survive the termination.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Termination Of Business Relationship

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Termination Of Business Relationship?

The Termination Of Business Relationship agreement is essential when parties seek to formally end their commercial relationship under German law. It is commonly used when business partners decide to cease their collaboration, whether due to strategic changes, performance issues, or mutual agreement. This document becomes particularly important in the German business context due to specific requirements under the German Civil Code (BGB) and Commercial Code (HGB) regarding contract termination and post-contractual obligations. The agreement should address various aspects including financial settlements, asset transfers, data protection under GDPR, and ongoing confidentiality obligations. It's crucial for maintaining legal compliance while ensuring a smooth transition and protecting both parties' interests during and after the termination process.

What sections should be included in a Termination Of Business Relationship?

1. Parties: Identification of all parties to the agreement, including full legal names, registration details, and addresses

2. Background: Brief description of the existing business relationship, reference to original agreements, and context for termination

3. Definitions: Definitions of key terms used throughout the agreement

4. Termination Date and Effect: Specific date when the business relationship will terminate and immediate effects of termination

5. Outstanding Payments and Obligations: Settlement of any outstanding financial obligations, invoices, or payments between parties

6. Return of Property: Obligations regarding the return of physical and intellectual property, documents, and materials

7. Confidentiality: Ongoing obligations regarding confidential information and trade secrets

8. Data Protection: Handling of personal data and compliance with GDPR requirements post-termination

9. Mutual Release: Release of claims and liabilities between parties, subject to specified exceptions

10. Survival Clauses: Provisions that continue to remain in effect after termination

11. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction for disputes

What sections are optional to include in a Termination Of Business Relationship?

1. Transition Assistance: Used when one party needs to provide transition support to the other party or to a new service provider

2. Non-Competition and Non-Solicitation: Include when parties agree to post-termination restrictions on competition or employee/customer solicitation

3. Intellectual Property Rights: Required when there are specific IP rights to be assigned or licensed post-termination

4. Employee Matters: Include when the termination affects employees or requires transfer of employees

5. Warranties and Representations: Used when specific assurances need to be provided about the status of the business or assets

6. Public Announcements: Include when parties need to agree on how to communicate the termination to the public or stakeholders

7. Insurance and Indemnification: Required when specific risks need to be allocated between parties post-termination

What schedules should be included in a Termination Of Business Relationship?

1. Schedule of Outstanding Payments: Detailed list of all pending financial obligations and payment schedules

2. Asset Transfer Schedule: Inventory of physical or digital assets to be transferred or returned

3. Ongoing Projects Schedule: List of projects in progress and their handling post-termination

4. Data Transfer Protocol: Detailed procedures for handling and transferring data in compliance with GDPR

5. Contract Novation List: List of contracts requiring novation or assignment to third parties

6. Transition Timeline: Detailed timeline for implementing the termination and transition activities

7. Contact Details Schedule: List of key contacts for both parties during the termination process

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

Jurisdiction

Germany

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Manufacturing

Information Technology

Professional Services

Retail

Distribution

Financial Services

Healthcare

Construction

Automotive

Telecommunications

Energy

Logistics

Consulting

Real Estate

Relevant Teams

Legal

Operations

Commercial

Finance

Procurement

Business Development

Compliance

Risk Management

Account Management

Partnership Management

Relevant Roles

Chief Executive Officer

Managing Director

Legal Counsel

Head of Legal

Contract Manager

Business Development Manager

Chief Operations Officer

Procurement Manager

Commercial Director

Account Manager

Partnership Manager

Chief Financial Officer

Risk Manager

Compliance Officer

General Counsel

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Termination Of Distributorship

A German law-governed agreement that formalizes the termination of a distribution relationship, addressing statutory compensation requirements and transition arrangements.

find out more

Unilateral Cancellation Of Contract

A German law-compliant document for unilateral contract termination, following BGB requirements for formal contract cancellation.

find out more

Termination Of Retainer

A German law-governed agreement for terminating professional retainer arrangements, addressing fee settlements, handover procedures, and post-termination obligations.

find out more

Termination Of Apprenticeship Contract

A German law-governed agreement that formally ends an apprenticeship relationship, outlining termination terms and ensuring compliance with the Vocational Training Act (BBiG).

find out more

Terminate Contract With Immediate Effect

A formal notice for immediate contract termination under German law, citing compelling reasons and complying with German Civil Code requirements.

find out more

Terminate Building Contract

A German law-compliant agreement for terminating building contracts, addressing settlement terms and handover procedures under BGB regulations.

find out more

Rent Cancellation Agreement

A legally binding agreement under German law that mutually terminates a rental relationship between landlord and tenant, setting out terms for lease ending and property handover.

find out more

Mutual Termination Agreement Employment

A German law-compliant agreement documenting the mutual consent to terminate an employment relationship, outlining termination terms and final settlements.

find out more

Listing Agreement Termination

A German law-governed document that terminates an existing real estate listing agreement, settling all outstanding obligations between property owner and agent.

find out more

End Of Apprenticeship Contract

A German law-compliant agreement documenting the successful completion of an apprenticeship and establishing final terms between employer and apprentice.

find out more

Early Release Tenancy Agreement

A German law residential lease agreement incorporating provisions for early termination of tenancy under specified conditions.

find out more

End Of Lease Contract

A German law-compliant document that formally terminates a lease agreement between landlord and tenant, outlining termination conditions and final settlements.

find out more

Business Contract Termination Letter

A formal notice governed by German law that terminates a business contract, including essential termination details and compliance with German legal requirements.

find out more

Ending A Fixed Term Lease Early

A German law-compliant agreement for the early termination of a fixed-term lease, outlining termination terms and mutual obligations under the BGB.

find out more

End Of Contract Agreement

A German law-compliant agreement documenting the mutual termination of employment, including final settlements and ongoing obligations.

find out more

Tenant Termination Of Lease Letter

A formal written notice under German law from a tenant to a landlord declaring the termination of a lease agreement, complying with BGB requirements.

find out more

Early Termination Of Lease Agreement By Tenant

A German law-compliant agreement for early lease termination by tenant, structured according to BGB requirements.

find out more

Termination Of License

A German law-governed agreement that formally terminates an existing license arrangement and establishes post-termination obligations between the parties.

find out more

Termination By Agreement

A German law-compliant mutual agreement between employer and employee to terminate employment, documenting termination terms and conditions.

find out more

Premature Termination Of Contract

A German law-compliant agreement for early contract termination, including mutual releases and settlement terms under BGB requirements.

find out more

Termination Of Commercial Lease

A German law-compliant agreement for terminating commercial lease arrangements, addressing property handover and financial settlements under BGB regulations.

find out more

Surrender Of Tenancy Agreement

A German law-compliant agreement for the mutual early termination of a lease, documenting surrender terms and conditions under BGB regulations.

find out more

Professional Termination Letter

A German-law compliant termination letter for ending employment relationships, meeting all formal requirements under German labor law.

find out more

Assignment Of Lease Agreement

A German law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.

find out more

Termination Of Contract Due To Non Performance

A formal contract termination notice under German law (BGB) due to substantial non-performance, outlining breaches and termination consequences.

find out more

Termination Of Tenancy Agreement

A German law-compliant agreement that formally terminates a tenancy relationship between landlord and tenant, setting out termination terms and property handover conditions.

find out more

End Of Lease Agreement

A German law-compliant agreement documenting the formal termination of a lease arrangement, detailing property return conditions and final settlements between landlord and tenant.

find out more

Termination Without Cause Commercial Contract

A German law-governed agreement for terminating commercial contracts without cause, including notice periods and post-termination obligations.

find out more

Termination Of Lease Letter

A formal notice under German law to end a lease agreement between tenant and landlord, complying with BGB requirements for termination.

find out more

Termination Of Contract Due To Ill Health

A German law-compliant termination notice for ending employment due to employee illness, incorporating mandatory requirements under German labor law (Kündigungsschutzgesetz) and related regulations.

find out more

Termination Letter Distribution Agreement

A German law-governed letter formally terminating a distribution agreement, specifying termination terms and post-termination obligations.

find out more

Service Contract Termination

A formal service contract termination notice compliant with German law, including essential termination details and legal requirements under the German Civil Code.

find out more

Not Renewing Lease Letter

A legally compliant German lease non-renewal notice from tenant to landlord, following BGB requirements for lease termination.

find out more

Termination Of Agency Agreement

A German law-governed agreement for terminating a commercial agency relationship, including statutory compensation claims and post-contractual obligations.

find out more

Termination Release Agreement

A German law-governed agreement that documents the mutual termination of employment, including severance terms and releases of claims between employer and employee.

find out more

Termination Of Lease Letter To Tenant

A legally compliant lease termination notice under German law (BGB) from landlord to tenant, including mandatory termination details and handover requirements.

find out more

Termination Of Business Relationship

A German law-governed agreement for the formal termination of a business relationship, addressing wind-down procedures and post-termination obligations.

find out more

Shareholder Exit Agreement

A German law-governed agreement detailing the terms and process for shareholder(s) to exit their company ownership position.

find out more

Rental Lease Termination Letter

A formal notice under German law to terminate a rental lease agreement, requiring written form and specific notice periods as per BGB regulations.

find out more

Owner Operator Lease Termination Agreement

A German law-governed agreement that terminates a lease between a property owner and business operator, addressing premises handover and financial settlements.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now