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1. Parties: Identification of all parties to the agreement, including their legal names, addresses, and registration details
2. Background: Brief description of the original contract, reason for termination, and context of the termination agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination: Clear statement of termination, effective date, and immediate consequences
5. Settlement Terms: Details of any financial settlements, payment terms, and settlement conditions
6. Mutual Release: Comprehensive mutual release of claims and liabilities between the parties
7. Return of Property: Requirements for return or disposal of any property, documents, or materials
8. Surviving Obligations: Specification of any obligations that survive the termination
9. Governing Law and Jurisdiction: Specification of applicable law and courts having jurisdiction
10. Entire Agreement: Statement that this agreement supersedes all prior agreements regarding the termination
11. Execution: Signature blocks and execution details
1. Confidentiality: Obligations regarding confidential information, used when the original agreement contained confidentiality provisions or when new confidentiality obligations are needed
2. Intellectual Property Rights: Provisions regarding ownership and usage of IP post-termination, included when IP rights are involved
3. Non-Compete and Non-Solicitation: Restrictions on future business activities and employee solicitation, included when such restrictions are part of the termination terms
4. Tax Provisions: Specific provisions regarding tax implications and responsibilities, included when significant financial settlements are involved
5. Dispute Resolution: Alternative dispute resolution mechanisms, included when parties want to specify arbitration or mediation procedures
6. Insurance and Indemnification: Ongoing insurance requirements and indemnification provisions, included when post-termination risks exist
7. Public Announcements: Requirements for public communications about the termination, included for high-profile or sensitive terminations
1. Schedule 1 - Original Agreement: Copy or details of the original agreement being terminated
2. Schedule 2 - Settlement Calculation: Detailed breakdown of any financial settlements, including calculations and adjustments
3. Schedule 3 - Property Inventory: List of properties, documents, or materials to be returned or disposed of
4. Schedule 4 - Surviving Obligations: Detailed list of specific obligations that survive termination
5. Schedule 5 - Release Exceptions: List of any specific claims or rights excluded from the mutual release
6. Schedule 6 - Completion Checklist: List of actions to be completed as part of the termination process
Original Agreement
Effective Date
Termination Date
Parties
Confidential Information
Claims
Dispute
Release
Settlement Amount
Settlement Payment
Outstanding Obligations
Intellectual Property Rights
Company Property
Surviving Provisions
Business Day
Force Majeure
Governmental Authority
Law
Liabilities
Material Breach
Notice
Related Parties
Representatives
Stamp Duty
Taxes
Working Day
Affiliate
Applicable Laws
Completion
Consideration
Encumbrance
Interest
Third Party
Termination
Mutual Release
Settlement Terms
Payment Obligations
Return of Property
Confidentiality
Non-Disclosure
Non-Compete
Non-Solicitation
Intellectual Property
Representations and Warranties
Surviving Obligations
Release of Claims
Indemnification
Tax Matters
Notices
Governing Law
Jurisdiction
Dispute Resolution
Force Majeure
Assignment
Severability
Waiver
Amendment
Entire Agreement
Counterparts
Further Assurance
Costs
Stamp Duty
Information Technology
Manufacturing
Professional Services
Construction
Real Estate
Healthcare
Financial Services
Retail
Telecommunications
Education
Energy
Transportation and Logistics
Media and Entertainment
Consulting
Agriculture
Legal
Compliance
Human Resources
Finance
Procurement
Operations
Risk Management
Corporate Affairs
Business Development
Commercial
Contract Administration
Executive Leadership
Chief Executive Officer
Chief Legal Officer
Legal Counsel
Contract Manager
Procurement Manager
Human Resources Director
Business Development Manager
Chief Financial Officer
Compliance Officer
Project Manager
Operations Director
Risk Manager
General Manager
Commercial Director
Company Secretary
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