Cancellation Contract Template for Hong Kong

1. Mutual Waiver of Claims: Used when parties wish to waive any existing or future claims against each other

2. Transition Arrangements: Include when there needs to be a structured handover or transition period

3. Non-Disparagement: Used in sensitive cancellations where reputation protection is important

4. Tax Implications: Include when the cancellation has significant tax consequences that need to be addressed

5. Third Party Rights: Include when the cancellation affects rights of third parties under the original agreement

6. Dispute Resolution: Include when specific dispute resolution mechanisms are needed for post-cancellation issues

7. Insurance and Indemnities: Used when ongoing insurance obligations or indemnities need to be addressed

1. Schedule of Outstanding Payments: Detailed list of all payments to be made as part of the cancellation

2. Schedule of Assets for Return: Inventory of physical or digital assets to be returned by either party

3. Schedule of Surviving Obligations: Detailed list of obligations that will survive the cancellation

4. Schedule of Completion Actions: Checklist of actions required to complete the cancellation process

5. Appendix - Original Agreement: Copy of the original agreement being cancelled

6. Appendix - Settlement Calculations: Detailed calculations of any settlement amounts