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1. Parties: Identification of all parties to the agreement, including their legal names, addresses, and company registration details if applicable
2. Background: Recitals explaining the original agreement(s), the relationship between the parties, and the circumstances leading to termination
3. Definitions: Definitions of key terms used throughout the agreement, including references to the original agreement(s) and related documents
4. Termination: Clear statement of termination of the original agreement(s), specifying the effective date and scope of termination
5. Mutual Release: Comprehensive mutual releases from all claims, liabilities, and obligations, subject to any specified exceptions
6. Settlement of Outstanding Obligations: Details of any final payments, returns of property, or other obligations to be fulfilled as part of the termination
7. Confidentiality: Obligations regarding confidentiality of the termination agreement and handling of confidential information from the original agreement
8. Surviving Provisions: Identification of any provisions from the original agreement that will survive termination
9. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, amendments, and notices
10. Execution: Signature blocks and execution formalities
1. Intellectual Property Rights: Required when there are IP rights to be addressed post-termination, including ownership, licenses, or restrictions
2. Non-Competition and Non-Solicitation: Include when parties wish to maintain restrictions on competition or solicitation post-termination
3. Transition Arrangements: Necessary when there needs to be a handover period or transition of services/products
4. Public Announcements: Include when parties need to agree on how to communicate the termination to the public or stakeholders
5. Employee Matters: Required when termination affects employment relationships or requires transfer of employees
6. Tax Matters: Include when there are specific tax implications or allocations that need to be addressed
7. Insurance and Indemnification: Necessary when specific insurance obligations or indemnification provisions need to survive
1. Schedule 1 - Original Agreement(s): Copy or details of the agreement(s) being terminated
2. Schedule 2 - Outstanding Payments: List of any payments to be made as part of the termination settlement
3. Schedule 3 - Assets and Properties: Inventory of any assets or properties to be returned or transferred
4. Schedule 4 - Surviving Obligations: Detailed list of obligations that survive termination
5. Schedule 5 - Form of Public Announcement: Template or agreed form of any public statements regarding the termination
6. Schedule 6 - Transition Plan: Detailed timeline and responsibilities for any transition arrangements
Original Agreement
Effective Date
Termination Date
Parties
Claims
Confidential Information
Dispute
Force Majeure
Governing Law
Indemnified Parties
Intellectual Property Rights
Liabilities
Losses
Material Adverse Effect
Notice
Outstanding Obligations
Released Claims
Released Parties
Representatives
Settlement Amount
Surviving Provisions
Third Party
Transaction Documents
Affiliate
Business Day
Encumbrance
Group
Person
Subsidiary
Working Hours
Mutual Release
Confidentiality
Governing Law
Dispute Resolution
Representations and Warranties
Indemnification
Notices
Assignment
Severability
Waiver
Amendment
Entire Agreement
Force Majeure
Survival
Settlement of Accounts
Return of Property
Non-Disparagement
Further Assurance
Costs and Expenses
Third Party Rights
Counterparts
Authority
No Admission of Liability
Public Announcements
Non-Competition
Non-Solicitation
Transition Arrangements
Tax Matters
Stamp Duty
Information Technology
Manufacturing
Professional Services
Real Estate
Financial Services
Telecommunications
Healthcare
Retail
Construction
Education
Energy
Logistics and Supply Chain
Media and Entertainment
Legal
Commercial
Finance
Compliance
Risk Management
Operations
Business Development
Corporate Secretarial
Executive Leadership
Procurement
Legal Counsel
General Counsel
Contract Manager
Chief Executive Officer
Chief Financial Officer
Business Development Manager
Commercial Director
Risk Manager
Compliance Officer
Project Manager
Operations Director
Managing Director
Company Secretary
Chief Operating Officer
Partnership Director
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