Receipt And Release Agreement Template for Hong Kong

1. Confidentiality: Required when parties wish to keep the existence, terms or subject matter of the agreement confidential

2. Non-Disparagement: Include when parties wish to prevent negative statements about each other after the release

3. Ongoing Obligations: Needed when certain obligations from prior agreements should survive the release

4. Tax Implications: Include when the consideration has tax implications that need to be addressed

5. Return of Property: Required when there is physical or intellectual property to be returned as part of the settlement

6. Severability: Optional boilerplate clause for complex agreements where certain provisions might be challenged

7. Entire Agreement: Include when there are multiple prior agreements or discussions that need to be superseded

1. Schedule 1 - Released Claims: Detailed list or description of all claims being released

2. Schedule 2 - Payment Terms: Details of any payment amounts, timing, and method of payment if consideration is monetary

3. Schedule 3 - Related Entities: List of related entities or persons covered by the release if extending beyond the named parties

4. Appendix A - Related Agreements: Copies or references to any relevant prior agreements or documents being referenced