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1. Parties: Identification of all parties to the termination agreement, including their legal names, registered addresses, and company registration numbers
2. Background: Brief description of the original agreement being terminated, its date, and the context leading to termination
3. Definitions: Definitions of key terms used in the termination agreement
4. Termination Notice: Formal declaration of contract termination and the effective date
5. Grounds for Termination: Specific reasons or circumstances leading to the termination
6. Effective Date of Termination: Clear specification of when the termination takes effect
7. Outstanding Payments: Details of any pending payments, final settlements, or financial obligations
8. Return of Property: Requirements for returning any physical or intellectual property
9. Confidentiality Obligations: Ongoing confidentiality requirements that survive termination
10. Mutual Release: Release of claims and liabilities between parties
11. Governing Law: Specification of Indian law as the governing law
12. Dispute Resolution: Mechanism for resolving any disputes arising from the termination
13. Execution: Signature blocks and execution requirements
1. Transition Arrangements: Details of any transitional period or handover requirements - include when there's a need for business continuity
2. Survival Clauses: Specific clauses from the original agreement that will survive termination - include when there are important ongoing obligations
3. Non-Compete Obligations: Post-termination competition restrictions - include when the original agreement had non-compete provisions
4. Employee Matters: Handling of employee-related issues - include when termination affects staff or contractors
5. Intellectual Property Rights: Specific arrangements for IP rights post-termination - include when IP is a significant aspect of the business relationship
6. Insurance and Indemnity: Ongoing insurance requirements and indemnification - include for high-risk or regulated industries
7. Public Announcements: Protocol for public communications about the termination - include for public companies or sensitive terminations
8. Force Majeure Impact: Impact of force majeure events on termination - include when termination is related to force majeure
1. Schedule 1 - Financial Settlement: Detailed breakdown of final payments, settlements, and financial reconciliation
2. Schedule 2 - Asset Register: List of assets to be returned or transferred between parties
3. Schedule 3 - Pending Matters: List of ongoing matters requiring resolution before or after termination
4. Schedule 4 - Compliance Checklist: Checklist of regulatory and statutory compliance requirements for termination
5. Appendix A - Original Agreement: Copy of the original agreement being terminated
6. Appendix B - Correspondence: Relevant correspondence leading to termination
7. Appendix C - Handover Protocol: Detailed protocol for business handover if applicable
Original Agreement
Termination Date
Effective Date
Confidential Information
Intellectual Property Rights
Force Majeure
Business Day
Applicable Law
Parties
Affiliate
Outstanding Obligations
Mutual Release
Settlement Amount
Transition Period
Handover Process
Dispute
Notice
Material Breach
Surviving Provisions
Proprietary Information
Representatives
Business Records
Completion Date
Governing Law
Jurisdiction
Liabilities
Claims
Consideration
Assets
Working Day
Indemnification
Deliverables
Termination Notice
Authorized Signatory
Stamp Duty
Counterparts
Effective Date
Final Settlement
Mutual Release
Confidentiality
Non-Disclosure
Intellectual Property Rights
Return of Property
Outstanding Payments
Dispute Resolution
Governing Law
Jurisdiction
Force Majeure
Indemnification
Severability
Entire Agreement
Notices
Assignment
Waiver
Survival
Non-Compete
Non-Solicitation
Transition Arrangements
Representations and Warranties
Compliance with Laws
Amendment
Authority
Counterparts
Third Party Rights
Data Protection
Record Retention
Public Announcements
Insurance
Further Assurance
Costs
Information Technology
Manufacturing
Retail
Healthcare
Financial Services
Construction
Real Estate
Telecommunications
E-commerce
Logistics and Supply Chain
Professional Services
Education
Hospitality
Energy and Utilities
Agricultural Business
Pharmaceutical
Legal
Finance
Procurement
Operations
Compliance
Risk Management
Business Development
Commercial
Corporate Affairs
Contract Administration
Project Management
Account Management
Chief Executive Officer
Managing Director
Chief Legal Officer
General Counsel
Contract Manager
Business Development Manager
Chief Financial Officer
Company Secretary
Legal Counsel
Procurement Manager
Operations Director
Risk Manager
Compliance Officer
Project Manager
Account Manager
Business Unit Head
Commercial Director
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