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1. Parties: Identification of all parties to the agreement, including their legal names, addresses, and any relevant registration details
2. Background: Recitals explaining the original agreement being cancelled, the relationship between the parties, and their desire to terminate the relationship
3. Definitions: Definitions of key terms used in the agreement, including 'Original Agreement', 'Effective Date', and 'Claims'
4. Termination: Clear statement of termination of the original agreement and the effective date of termination
5. Settlement of Obligations: Details of any final payments, return of property, or other obligations to be fulfilled as part of the termination
6. Mutual Release: Comprehensive mutual release of claims between the parties
7. Representations and Warranties: Statements by each party regarding their authority to enter into the agreement and that they have not assigned any claims
8. Governing Law: Specification that Indian law governs the agreement
9. Entire Agreement: Statement that this document represents the entire agreement regarding the termination and release
1. Surviving Obligations: Identifies any obligations from the original agreement that will survive termination, such as confidentiality or non-compete provisions
2. Confidentiality: Include when parties need to maintain confidentiality about the termination or original agreement terms
3. Non-Disparagement: Include when parties wish to prevent negative statements about each other after termination
4. Dispute Resolution: Include when parties want to specify mechanism for resolving any future disputes about the termination
5. Tax Provisions: Include when there are significant tax implications from the termination that need to be addressed
6. Return of Property: Include when there is physical or intellectual property that needs to be returned or transferred
7. Further Assurances: Include when parties may need to execute additional documents or take further actions to effect the termination
1. Schedule 1 - Original Agreement: Copy or details of the agreement being terminated
2. Schedule 2 - Settlement Payment Details: If applicable, breakdown of any settlement payments, including payment schedule and method
3. Schedule 3 - Outstanding Obligations: List of any outstanding obligations and how they will be settled
4. Schedule 4 - Property Transfer Schedule: If applicable, list of property to be returned or transferred and associated timeline
5. Appendix A - Release Language: Detailed release language if too extensive for main agreement body
Original Agreement
Effective Date
Termination Date
Parties
Claims
Released Claims
Released Parties
Confidential Information
Dispute
Outstanding Obligations
Settlement Amount
Business Day
Intellectual Property Rights
Representatives
Surviving Provisions
Force Majeure Events
Losses
Material Adverse Effect
Related Parties
Affiliates
Governing Law
Jurisdiction
Settlement Payment
Recitals
Termination
Mutual Release
Settlement
Payment Terms
Return of Property
Confidentiality
Non-Disparagement
Representations and Warranties
Surviving Obligations
Further Assurance
Severability
Waiver
Amendment
Notices
Assignment
Counterparts
Costs and Expenses
Entire Agreement
Authority
Governing Law
Dispute Resolution
Force Majeure
Indemnification
Third Party Rights
Information Technology
Manufacturing
Professional Services
Retail
Real Estate
Construction
Healthcare
Education
Financial Services
Telecommunications
Logistics and Supply Chain
Entertainment and Media
Consulting
Energy and Utilities
Legal
Finance
Operations
Procurement
Business Development
Risk Management
Compliance
Commercial
Contract Administration
Corporate Affairs
Business Operations
Legal Counsel
Contract Manager
Business Development Manager
Chief Legal Officer
Chief Financial Officer
Operations Director
Procurement Manager
Company Secretary
Risk Manager
Compliance Officer
Commercial Director
General Manager
Project Manager
Account Manager
Partnership Director
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