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Release Of Claims Form
"I need a Release of Claims Form under Indonesian law for an employment settlement between PT. Global Solutions and a former senior executive, including confidentiality provisions and mutual non-disparagement clauses, with the settlement to be executed by March 2025."
1. Parties: Identification of the Releasor (party giving the release) and Releasee (party being released), including complete legal names and addresses
2. Background: Context of the dispute or claims, including relevant dates and events that led to the release
3. Definitions: Key terms used in the release, including 'Claims', 'Released Matters', and any specific terms relevant to the particular situation
4. Consideration: Statement of the consideration being provided in exchange for the release, as required for validity under Indonesian law
5. Release and Discharge: Core provision detailing the claims being released and the scope of the release
6. Representations and Warranties: Statements by the Releasor regarding their authority to give the release and understanding of its implications
7. Governing Law: Specification of Indonesian law as the governing law and relevant jurisdiction
8. Language: Statement regarding the language of the document, complying with Law No. 24 of 2009
9. Execution: Signature blocks and execution requirements
1. Non-Admission of Liability: Optional clause stating that the release does not constitute an admission of liability by any party - used in disputed matters
2. Confidentiality: Provisions regarding confidentiality of the release terms - used when parties wish to keep the settlement private
3. Tax Implications: Clauses addressing tax responsibilities - used when the consideration involves significant monetary payment
4. Future Claims: Specific provisions about unknown future claims - used in comprehensive settlements
5. Return of Property: Provisions regarding return of documents or property - used in employment or business relationship terminations
6. Non-Disparagement: Mutual or unilateral agreements not to make negative statements - used in sensitive or public matters
7. Cooperation: Provisions requiring future cooperation - used when ongoing matters require party cooperation
1. Schedule 1 - Details of Claims: Detailed list of specific claims being released, including dates and reference numbers
2. Schedule 2 - Settlement Payment Details: Details of any settlement payments, including payment terms and methods
3. Schedule 3 - Related Parties: List of affiliated parties included in the release
4. Appendix A - Supporting Documents: Copies of relevant documents referenced in the release
Authors
Claims
Consideration
Effective Date
Released Claims
Released Parties
Releasing Parties
Related Entities
Dispute
Settlement Amount
Settlement Date
Incident
Parties
Releasor
Releasee
Affiliates
Confidential Information
Governing Law
Known Claims
Unknown Claims
Loss
Material Adverse Change
Representatives
Signing Date
Subject Matter
Underlying Agreement
Working Day
Definitions
Release
Consideration
Representations and Warranties
Confidentiality
Non-Admission of Liability
Indemnification
Governing Law
Jurisdiction
Language
Severability
Entire Agreement
Amendment
Assignment
Notice
Further Assurance
Waiver
Non-Disparagement
Tax Matters
Costs
Force Majeure
Counterparts
Authority
Binding Effect
Legal Services
Insurance
Manufacturing
Construction
Financial Services
Healthcare
Real Estate
Technology
Retail
Energy
Transportation
Professional Services
Education
Mining
Agriculture
Telecommunications
Legal
Human Resources
Risk Management
Compliance
Executive Leadership
Operations
Finance
Insurance
Corporate Affairs
Administrative Services
Legal Counsel
Human Resources Manager
Risk Manager
Compliance Officer
Chief Legal Officer
Settlement Administrator
Claims Manager
Corporate Secretary
Chief Executive Officer
Human Resources Director
Operations Manager
Project Manager
Contract Administrator
Insurance Claims Adjuster
Chief Financial Officer
General Manager
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