Unilateral Release Agreement for Hong Kong

Unilateral Release Agreement Template for Hong Kong

A Unilateral Release Agreement under Hong Kong law is a legally binding document where one party (the releasing party) voluntarily waives and releases their rights to bring claims or enforce certain rights against another party (the released party). The agreement is governed by Hong Kong law and must comply with local contract formation requirements, the Contracts (Rights of Third Parties) Ordinance, and other relevant Hong Kong legislation. This document typically includes specific details about the claims being released, acknowledgments by the releasing party, and provisions ensuring the agreement's enforceability within the Hong Kong legal framework.

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
Unilateral Release Agreement

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 Unilateral Release Agreement?

The Unilateral Release Agreement is a crucial legal instrument in Hong Kong's business and legal landscape, commonly utilized in situations where one party wishes to formally relinquish their rights to pursue claims against another party. This document is particularly relevant in settling disputes, concluding business relationships, or managing risk in various transactions. It must be drafted in compliance with Hong Kong law, including consideration of the Contracts (Rights of Third Parties) Ordinance and local contract law principles. The agreement typically specifies the scope of the release, the parties involved, and any conditions attached to the release. It's essential in providing legal certainty and finality to potential disputes, while also serving as a risk management tool for businesses and individuals operating under Hong Kong jurisdiction.

What sections should be included in a Unilateral Release Agreement?

1. Parties: Identifies and defines the releasing party and the released party/parties

2. Background: Sets out the context and circumstances leading to the release

3. Definitions: Defines key terms used in the agreement, including 'Claims', 'Released Matters', and any specific incidents or circumstances

4. Release: The operative provision containing the release language and scope of claims being released

5. Acknowledgments: Statements by the releasing party acknowledging understanding of the release and its implications

6. No Admission of Liability: Statement that the release does not constitute an admission of liability by any party

7. Further Assurance: Obligation to execute further documents or take additional steps if necessary to give effect to the release

8. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and Hong Kong courts' jurisdiction

9. Entire Agreement: Confirms the release agreement represents the entire understanding between parties regarding the released matters

What sections are optional to include in a Unilateral Release Agreement?

1. Confidentiality: Include when parties wish to keep the existence or terms of the release confidential

2. Tax Implications: Include when the release involves payment or has tax consequences that need to be addressed

3. Non-Disparagement: Include when parties wish to prevent negative statements about each other

4. Return of Property: Include when there is physical or intellectual property to be returned as part of the release

5. Regulatory Compliance: Include when the release must comply with specific regulatory requirements

6. Third Party Rights: Include when the release is intended to benefit specific third parties under the Contracts (Rights of Third Parties) Ordinance

7. Severability: Include when parties want to ensure partial invalidity doesn't affect the entire agreement

What schedules should be included in a Unilateral Release Agreement?

1. Schedule of Released Claims: Detailed list of specific claims, rights, or causes of action being released

2. Schedule of Related Agreements: List of any agreements or documents that are relevant to or affected by the release

3. Schedule of Released Parties: Comprehensive list of all parties benefiting from the release, including any affiliated entities or individuals

4. Payment Schedule: Include if the release is given in consideration of payments to be made

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

Hong Kong

Publisher

Genie AI

Cost

Free to use
Relevant Industries

Financial Services

Insurance

Real Estate

Construction

Manufacturing

Professional Services

Healthcare

Technology

Retail

Employment

Entertainment

Education

Transportation

Energy

Relevant Teams

Legal

Risk Management

Compliance

Human Resources

Executive Leadership

Finance

Operations

Business Development

Claims Processing

Corporate Secretarial

Project Management

Relevant Roles

Legal Counsel

Risk Manager

Compliance Officer

Human Resources Director

Chief Executive Officer

Chief Financial Officer

Operations Manager

Contract Manager

Business Development Manager

Claims Manager

Settlement Officer

Corporate Secretary

General Manager

Project Manager

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

Standby Trust Agreement

A Hong Kong law-governed agreement establishing a dormant trust structure that activates upon specific trigger events, detailing party obligations and trust administration procedures.

find out more

Influencer Agreement

A Hong Kong law-governed contract between brands and social media influencers for content creation and promotional services.

find out more

Formal Offer Letter Of Employment

A Hong Kong law-compliant formal employment offer letter outlining key employment terms and conditions between employer and prospective employee.

find out more

Ending Lease Letter

A formal notice under Hong Kong law to terminate a lease agreement, specifying the termination date and arrangements for concluding the tenancy.

find out more

Construction Invoice Terms And Conditions

Standard terms and conditions for construction invoicing under Hong Kong law, establishing payment processes and requirements for construction projects.

find out more

3 Way Business Partnership Agreement

A Hong Kong law-governed agreement establishing a three-way business partnership, defining partners' rights, obligations, and operational framework.

find out more

Change Of Working Hours Letter To Employee

A Hong Kong-compliant letter document formalizing changes to an employee's working hours and obtaining their agreement to the new arrangement.

find out more

Business Agreement

A Hong Kong law-governed agreement establishing terms and conditions for commercial relationships between business entities.

find out more

Simple Job Offer Letter

A concise, legally compliant job offer letter under Hong Kong law that outlines basic employment terms and conditions.

find out more

Referral Letter For Work

A Hong Kong-compliant formal business letter providing professional endorsement of a candidate's qualifications and work experience for employment opportunities.

find out more

Letter Of Intended Use

A formal declaration document under Hong Kong law specifying how a property, product, or service will be utilized, ensuring regulatory compliance and proper usage documentation.

find out more

Non Binding LOI

A preliminary non-binding document under Hong Kong law that outlines proposed terms and conditions for a potential transaction or business relationship.

find out more

Investment Contract For Small Business

A Hong Kong law-governed agreement setting out terms and conditions for investment in a small business, including investment amount, shares, rights, and protections.

find out more

Managing Director Service Agreement

Hong Kong law-governed service agreement establishing employment terms and conditions for a Managing Director, including duties, compensation, and obligations.

find out more

Hotel Management Contract Agreement

A Hong Kong law-governed agreement between hotel owner and management company establishing terms for hotel operation and management services.

find out more

Letter Of Intent Business Collaboration

A preliminary document under Hong Kong law outlining proposed terms for business collaboration between parties, serving as a framework for future detailed agreements.

find out more

Technical License Agreement

A Hong Kong law-governed agreement establishing terms for licensing technical intellectual property, including usage rights, payments, and IP protection.

find out more

Letter For Overfacility

A Hong Kong law-governed document authorizing an increase in an existing credit facility, setting out terms and conditions for the additional credit extension.

find out more

Individual To Individual Loan Agreement

A Hong Kong law-governed loan agreement between private individuals, setting out loan terms, repayment conditions, and mutual protections.

find out more

Limited Company Invoice

A legally compliant invoice document issued by Hong Kong limited companies, conforming to local business and tax regulations.

find out more

Letter Of Intent Job Offer

A preliminary employment offer document used in Hong Kong that outlines key terms and conditions of proposed employment, bridging initial discussions and formal employment contract.

find out more

Commission Invoice

A Hong Kong-compliant invoice document for claiming and recording commission payments, meeting local regulatory and tax requirements.

find out more

Private Land Lease Agreement

A Hong Kong law-governed agreement establishing terms and conditions for private land or property lease, detailing rights and obligations of landlord and tenant.

find out more

Partnership Offer Letter

A formal letter governed by Hong Kong law extending an offer to join a partnership, outlining key terms and conditions of the proposed partnership arrangement.

find out more

Domestic Letter Of Credit

A Hong Kong law-governed banking instrument that provides payment security for domestic trade transactions through a bank's irrevocable payment undertaking.

find out more

Co Borrower Loan Agreement

A Hong Kong law-governed agreement establishing terms for multiple borrowers to jointly obtain and be liable for a loan from a lender.

find out more

Canteen Contract Terms And Conditions

A Hong Kong law-governed agreement setting out terms and conditions for canteen operations, including operational requirements, food safety standards, and regulatory compliance.

find out more

Business Ownership Transfer Letter

A formal letter under Hong Kong law documenting the transfer of business ownership between parties, including all essential terms and regulatory compliance requirements.

find out more

Unilateral Release Agreement

A Hong Kong law-governed agreement where one party releases another from specific claims or liabilities, providing a legally binding waiver of rights.

find out more

Three Way NDA

Hong Kong law-governed three-party NDA for protecting confidential information shared in complex business relationships.

find out more

Startup Investment Term Sheet

A Hong Kong law-governed preliminary agreement outlining key terms and conditions for startup investment, serving as the basis for definitive investment documentation.

find out more

Software Partner Agreement

Hong Kong-governed agreement defining the commercial and technical relationship between a software company and its business partner.

find out more

Software Ownership Agreement

A Hong Kong law-governed agreement that establishes and transfers software ownership rights, including associated intellectual property and documentation.

find out more

Preliminary Offer Letter

A Hong Kong law-governed document that outlines preliminary employment terms and conditions offered to a prospective employee.

find out more

Preference Share Subscription Agreement

A Hong Kong law agreement governing the subscription of preference shares, detailing share rights, investment terms, and parties' obligations.

find out more

Pre Marriage Financial Agreement

A Hong Kong law-governed agreement between prospective spouses defining their financial rights and obligations before marriage.

find out more

Partnership Framework Agreement

A Hong Kong law-governed agreement establishing the framework and terms for a partnership arrangement between multiple parties.

find out more

Partnership Contract Agreement

A Hong Kong law-governed agreement establishing the terms and conditions of a business partnership, including partner rights, obligations, and operational framework.

find out more

Partnership Agreement Profit Sharing

A Hong Kong law-governed agreement establishing partnership terms and profit-sharing arrangements between partners.

find out more

Partner Exit Agreement

A Hong Kong law-governed agreement detailing the terms and conditions for a partner's exit from a partnership, including financial settlements and ongoing obligations.

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