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1. Parties: Identifies and defines the parties to the agreement, including their legal names, addresses, and any relevant registration details
2. Background: Outlines the existing relationship between the parties, reference to the original agreement(s), and the mutual decision to terminate
3. Definitions: Defines key terms used throughout the agreement
4. Effective Date of Termination: Specifies the exact date when the termination becomes effective
5. Mutual Release: Contains mutual releases from claims and obligations, except as specifically provided in the termination agreement
6. Final Settlement: Details the final payment terms, including any outstanding amounts, severance pay, or other financial considerations
7. Return of Property: Obligations regarding the return of company property, documents, and confidential information
8. Continuing Obligations: Specifies which obligations from the original agreement survive termination
9. Confidentiality: Ongoing obligations regarding confidentiality and non-disclosure
10. Governing Law and Jurisdiction: Specifies Indian law as governing law and determines jurisdiction for dispute resolution
11. Entire Agreement: Confirms this agreement represents the entire understanding between parties regarding the termination
1. Non-Compete Obligations: Include when the original agreement contained non-compete provisions that need to be addressed
2. Employee Benefits: Include when dealing with employment termination involving benefits, insurance, or retirement plans
3. Intellectual Property Rights: Include when IP ownership or rights need to be clarified post-termination
4. Reference and Communication: Include when parties want to agree on how the termination will be communicated to third parties
5. Dispute Resolution: Include when parties want to specify alternative dispute resolution mechanisms
6. Tax Implications: Include when there are specific tax considerations that need to be addressed
7. Transition Services: Include when one party needs to provide transition assistance post-termination
1. Schedule 1 - Final Settlement Calculation: Detailed breakdown of all financial settlements, including any pending payments, deductions, and final amounts
2. Schedule 2 - Company Property List: Comprehensive list of all company property to be returned
3. Schedule 3 - Surviving Obligations: Detailed list of specific obligations that survive termination
4. Appendix A - Original Agreement Reference: Copy or reference details of the original agreement being terminated
5. Appendix B - Release Forms: Standard forms for mutual release and waiver of claims
6. Appendix C - Handover Checklist: Detailed checklist for the handover process and pending items
Effective Date
Original Agreement
Termination Date
Confidential Information
Company Property
Final Settlement
Intellectual Property Rights
Parties
Business Day
Applicable Law
Claims
Dispute
Force Majeure
Governing Law
Mutual Release
Notice
Outstanding Obligations
Related Parties
Representatives
Severance Payment
Surviving Obligations
Working Day
Affiliate
Proprietary Information
Material Breach
Handover Period
Settlement Amount
Transition Period
Consideration
Effective Date
Mutual Release
Final Settlement
Payment Terms
Return of Property
Confidentiality
Non-Disclosure
Non-Compete
Non-Solicitation
Intellectual Property
Surviving Obligations
Indemnification
Dispute Resolution
Governing Law
Jurisdiction
Force Majeure
Notice
Assignment
Severability
Entire Agreement
Amendment
Waiver
Costs
Further Assurance
Counterparts
Third Party Rights
Representation and Warranties
Transition Arrangements
Time of Essence
Information Technology
Manufacturing
Professional Services
Financial Services
Healthcare
Retail
Telecommunications
Real Estate
Education
Construction
Automotive
Energy
E-commerce
Hospitality
Media and Entertainment
Legal
Human Resources
Compliance
Operations
Finance
Procurement
Administration
Risk Management
Corporate Affairs
Business Development
Legal Counsel
Human Resources Manager
Compliance Officer
Contract Manager
Business Development Manager
Chief Executive Officer
Chief Operating Officer
Project Manager
Procurement Manager
Operations Director
HR Director
General Counsel
Company Secretary
Risk Manager
Department Head
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