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1. Parties: Identification of all parties to the agreement with their full legal names, addresses, and registration details if applicable
2. Background: Reference to the original agreement(s) being terminated, their dates, and brief context of why termination is being pursued
3. Definitions: Definitions of key terms used in the agreement, including references to the Original Agreement, Effective Date, and other relevant terms
4. Termination: Clear statement of termination of the original agreement(s) and the effective date of termination
5. Mutual Release: Comprehensive release provisions where each party releases the other from all claims, demands, and obligations related to the original agreement
6. Settlement of Accounts: Details of any final payments, reconciliations, or financial settlements between the parties
7. Return of Property: Provisions for the return or disposal of any confidential information, materials, or property
8. Surviving Obligations: Identification of any provisions from the original agreement that will survive termination
9. Confidentiality: Ongoing obligations regarding confidentiality and non-disclosure
10. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for dispute resolution
11. Entire Agreement: Statement that this agreement represents the entire understanding between parties regarding the termination
1. Non-Disparagement: Mutual obligations not to make negative statements about each other - typically used in employment or business partnership terminations
2. Transition Assistance: Provisions for transitional support or handover - relevant when ongoing business operations need to be transferred
3. Tax Provisions: Specific provisions dealing with tax implications of the termination - needed when significant financial settlements are involved
4. Future Cooperation: Framework for future interactions - useful when parties may need to cooperate post-termination
5. Insurance and Indemnification: Specific provisions about ongoing insurance obligations or indemnities - relevant when there are potential future claims
6. References: Agreement on how parties will refer to each other and the relationship - particularly relevant in employment contexts
7. Non-Competition/Non-Solicitation: Continued enforcement of any restrictive covenants - relevant in business or employment relationships
1. Schedule 1 - Original Agreements: List and copies of all agreements being terminated
2. Schedule 2 - Settlement Statement: Detailed breakdown of any financial settlements, including calculations
3. Schedule 3 - Property Inventory: List of all physical or intellectual property to be returned or transferred
4. Schedule 4 - Surviving Obligations: Detailed list of specific obligations that survive termination
5. Schedule 5 - Release Exceptions: Specific exclusions from the mutual release provisions, if any
6. Appendix A - Form of Public Announcement: Template for any agreed public statements about the termination, if required
Original Agreement
Effective Date
Termination Date
Parties
Claims
Confidential Information
Intellectual Property Rights
Materials
Outstanding Obligations
Released Claims
Released Parties
Releasing Parties
Settlement Amount
Settlement Period
Surviving Obligations
Affiliated Entities
Business Day
Dispute
Force Majeure Event
Governmental Authority
Law
Losses
Notice
Representatives
Third Party
Interpretation
Termination
Mutual Release
Settlement of Accounts
Payment Terms
Return of Property
Confidentiality
Non-Disclosure
Non-Disparagement
Intellectual Property
Representations and Warranties
Surviving Obligations
Future Cooperation
Transition Assistance
Tax Matters
Indemnification
Insurance
Non-Competition
Non-Solicitation
Public Announcements
Notices
Assignment
Amendment
Severability
Waiver
Force Majeure
Governing Law
Jurisdiction
Dispute Resolution
Entire Agreement
Counterparts
Costs and Expenses
Further Assurance
Information Technology
Manufacturing
Professional Services
Retail
Healthcare
Financial Services
Real Estate
Construction
Education
Telecommunications
Entertainment
Hospitality
Logistics
E-commerce
Consulting
Legal
Human Resources
Finance
Procurement
Operations
Business Development
Risk Management
Compliance
Commercial
Corporate Secretarial
Legal Counsel
Contract Manager
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Human Resources Director
Procurement Manager
Operations Manager
Project Manager
Commercial Director
Risk Manager
Compliance Officer
General Counsel
Company Secretary
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