The Supplier Release Form is a critical legal instrument used in Indian business contexts to formally conclude supplier relationships or resolve supplier-related disputes. This document is typically employed when terminating supplier contracts, settling disputes, or closing out project-specific supplier engagements. The form encompasses detailed provisions for the release of claims, warranties about undisclosed claims, and consideration details, all structured in compliance with Indian contract law. Companies utilize this document to obtain legal certainty and protection against future claims while ensuring suppliers receive agreed-upon consideration. The document's importance is particularly highlighted in scenarios involving significant supplier relationships, dispute resolutions, or project completions where formal closure is essential for risk management and accounting purposes.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of the supplier and the company, including full legal names, registration details, and addresses
2. Background: Brief context of the supplier relationship and circumstances leading to the release
3. Definitions: Key terms used in the release form, including 'Claims', 'Released Matters', and 'Effective Date'
4. Consideration: Details of the consideration being provided in exchange for the release
5. Release and Discharge: Comprehensive description of claims being released and extent of the discharge
6. Representations and Warranties: Supplier's confirmations regarding authority to enter into release, understanding of terms, and absence of undisclosed claims
7. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes
1. Non-Revocation Period: Optional cooling-off period during which the release cannot be revoked - useful for high-value releases or complex disputes
2. Confidentiality: Terms regarding confidentiality of the release and its terms - relevant when the release involves sensitive commercial information
3. Tax Implications: Clarification of tax responsibilities - important when the release involves significant monetary consideration
4. Future Cooperation: Terms regarding any ongoing obligations or future cooperation - relevant when parties may need to interact post-release
5. Non-Admission: Statement that the release does not constitute admission of liability - useful in dispute resolution scenarios
6. Severability: Provision for severability of invalid terms - important for complex releases with multiple components
1. Schedule 1 - Released Claims: Detailed list of specific claims, disputes, or matters being released
2. Schedule 2 - Payment Details: Details of any financial consideration, including payment terms and methods
3. Schedule 3 - Related Agreements: List of relevant agreements or contracts affected by the release
4. Appendix A - Supporting Documents: Copies of relevant supporting documentation referenced in the release
Relevant legal definitions
Affiliate
Agreement
Business Day
Claims
Company
Confidential Information
Consideration
Effective Date
Encumbrance
Goods
Governmental Authority
Intellectual Property Rights
Laws
Losses
Original Agreement
Parent Company
Parties
Purchase Order
Released Claims
Released Matters
Released Parties
Releasing Party
Representatives
Services
Supplier
Supply Agreement
Tax
Term
Territory
Agreement
Business Day
Claims
Company
Confidential Information
Consideration
Effective Date
Encumbrance
Goods
Governmental Authority
Intellectual Property Rights
Laws
Losses
Original Agreement
Parent Company
Parties
Purchase Order
Released Claims
Released Matters
Released Parties
Releasing Party
Representatives
Services
Supplier
Supply Agreement
Tax
Term
Territory
Clauses
Parties Identification
Recitals
Definitions
Consideration
Release and Discharge
Representations and Warranties
Indemnification
Confidentiality
Governing Law
Jurisdiction
Dispute Resolution
Severability
Entire Agreement
Amendment
Assignment
Notices
Force Majeure
Further Assurance
Waiver
Costs
Non-Admission of Liability
Authority to Execute
Binding Effect
Stamp Duty
Counterparts
Recitals
Definitions
Consideration
Release and Discharge
Representations and Warranties
Indemnification
Confidentiality
Governing Law
Jurisdiction
Dispute Resolution
Severability
Entire Agreement
Amendment
Assignment
Notices
Force Majeure
Further Assurance
Waiver
Costs
Non-Admission of Liability
Authority to Execute
Binding Effect
Stamp Duty
Counterparts
Relevant Industries
Manufacturing
Retail
Information Technology
Construction
Automotive
Healthcare
Electronics
Fast-Moving Consumer Goods
Telecommunications
Industrial Equipment
Logistics and Supply Chain
Pharmaceuticals
Relevant Teams
Procurement
Legal
Finance
Supply Chain
Operations
Risk Management
Vendor Management
Commercial
Compliance
Project Management
Relevant Roles
Procurement Manager
Supply Chain Director
Legal Counsel
Contract Manager
Chief Financial Officer
Vendor Relations Manager
Risk Manager
Operations Director
Project Manager
Commercial Director
Compliance Officer
Finance Manager
Find the exact document you need
Insurance Release Of Liability Form
An Indian law-compliant document that releases an insurance company from future liability in exchange for claim settlement.
find out more
Hunting Lease Liability Waiver
A combined hunting lease and liability waiver agreement compliant with Indian hunting and property laws, protecting property owners while granting regulated hunting rights.
find out more
Indemnity And Waiver
A legal agreement under Indian law combining indemnification obligations and waiver of rights, establishing risk allocation and liability arrangements between parties.
find out more
Homeowner Release Of Liability Form For Contractor
An Indian law-compliant document where homeowners release contractors from future liability upon satisfactory completion of construction or renovation work.
find out more
Home Swimming Pool Waiver
An Indian jurisdiction liability waiver document for private swimming pool usage, protecting homeowners while ensuring user safety awareness and compliance.
find out more
Fitness Center Liability Waiver
An Indian law-compliant liability waiver for fitness centers, protecting facility operators while maintaining fair member treatment under local regulations.
find out more
Contractor Liability Release Form
An Indian law-compliant document that releases liability between a contractor and hiring entity upon project completion, protecting both parties from future claims.
find out more
Volunteer Waiver And Release Form
An Indian-compliant legal document securing volunteers' acknowledgment of risks and waiver of liability claims, suitable for various organizational types and volunteer activities.
find out more
Volunteer Liability Form
An Indian-compliant legal document that protects organizations by establishing volunteer relationships and liability waivers while clearly outlining roles and responsibilities.
find out more
Swimming Pool Waiver For Rental
An Indian jurisdiction waiver document that releases property owners from liability related to tenant use of swimming pools in rental properties, while establishing safety protocols and user obligations.
find out more
Swimming Pool Liability Waiver
An Indian jurisdiction liability waiver that protects swimming pool operators while ensuring clear risk communication and user obligations.
find out more
Restaurant Waiver Form
An Indian jurisdiction liability waiver form for restaurants that protects the business while maintaining compliance with food safety and consumer protection laws.
find out more
Product Liability Waiver Form
An India-compliant legal document that establishes product liability limitations and risk acknowledgment terms between businesses and product users, aligned with Indian consumer protection laws.
find out more
Photo Liability Waiver
An Indian law-compliant waiver that governs the rights, permissions, and limitations regarding the capture and use of photographs, protecting both the photographer and subject interests.
find out more
Personal Liability Waiver Form
An Indian-compliant legal document that releases liability for potential injuries or damages during specified activities, governed by Indian contract law.
find out more
Business Release Of Liability Form
An Indian law-compliant document that releases a business entity from specified legal liabilities and potential claims in commercial relationships.
find out more
Product Waiver Form
An Indian law-compliant document where users acknowledge risks and waive certain rights related to product usage, protecting manufacturers and service providers from liability claims.
find out more
Non Profit Volunteer Waiver Form
An Indian law-compliant volunteer waiver form for non-profit organizations, establishing volunteer terms and liability protection.
find out more
General Release
An Indian law-governed document that releases one party from all claims and liabilities that another party may have against them, subject to specified terms and conditions.
find out more
Sports Training Waiver Form
An Indian jurisdiction waiver form protecting sports facilities and trainers from liability while ensuring participants acknowledge training risks and safety protocols.
find out more
Rider Waiver Form
An Indian-law compliant waiver form for riding activities that protects service providers while ensuring clear risk communication to participants.
find out more
Limited Liability Release Form
An Indian law-compliant document that releases parties from liability claims and ensures legal protection through risk acknowledgment and liability waiver.
find out more
Accident Liability Waiver Form
An Indian law-compliant liability waiver form protecting organizations from accident-related claims while ensuring clear risk communication to participants.
find out more
Release Of Liability For Construction Work
An Indian law-compliant agreement that releases specified parties from liability related to construction work, while ensuring compliance with local construction regulations and safety standards.
find out more
Release Of Liability Form Car Accident
An Indian law-compliant document that releases parties from future claims related to a specific car accident, serving as a formal settlement agreement.
find out more
Waiver And Release Of Liability Form
An Indian law-compliant legal document where participants release providers from liability for risks in specified activities, governed by the Indian Contract Act, 1872.
find out more
Injury Liability Waiver
An Indian law-compliant Injury Liability Waiver for protecting service providers against liability claims while ensuring fair terms for participants.
find out more
Generic Liability Waiver
An Indian law-compliant liability waiver document that protects against legal claims by having one party release another from responsibility for potential risks and damages.
find out more
Supplier Release Form
An Indian law-governed document that formalizes the release of claims or obligations between a supplier and company, providing legal closure to their business relationship.
find out more
Personal Liability Form
An Indian law-governed document establishing voluntary assumption of risk and liability by an individual, with comprehensive risk disclosure and indemnification provisions.
find out more
Work Injury Waiver Form
An Indian law-compliant Work Injury Waiver Form establishing risk acknowledgment and safety protocols while preserving statutory employee rights.
find out more
Basic Waiver Form
An Indian law-compliant document allowing voluntary relinquishment of specific legal rights or claims, structured to provide clear protection while ensuring enforceability.
find out more
Damage Waiver Form
An Indian law-compliant document where participants waive their right to claim damages for specific risks and activities.
find out more
Waiver Release Form
An Indian law-compliant legal document that releases one party from liability for potential risks and injuries that another party might incur during specific activities.
find out more
Party Waiver Form
An Indian law-compliant legal document recording the voluntary waiver of specific rights or claims, with clear party identification and risk acknowledgment provisions.
find out more
Trampoline Waiver Form
An Indian jurisdiction liability waiver and risk acknowledgment form for trampoline facility operators and participants.
find out more
Simple Waiver Of Liability Form
An Indian law-compliant legal document where one party waives their right to hold another party legally liable for potential injuries or damages during specified activities.
find out more
Liability Agreement
An Indian law-governed agreement defining liability obligations and risk allocation between business parties, including indemnification terms and liability limitations.
find out more
Work Liability Waiver Form
An Indian-law compliant liability waiver document that establishes risk assumption agreements between employers and workers while maintaining statutory protections.
find out more
Sports Waiver Form
An Indian jurisdiction-compliant waiver form for sports activities that establishes risk acknowledgment and liability terms between sports providers and participants.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)