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1. Parties: Identifies and defines all parties involved in the release agreement, including the releasing party (releasor) and the party being released (releasee)
2. Background: Provides context for the release, including relevant history of the relationship between parties and circumstances leading to the release
3. Definitions: Defines key terms used throughout the document for clarity and legal certainty
4. Consideration: States the consideration being provided in exchange for the release to ensure legal validity
5. Release and Discharge: Core section detailing the specific claims, rights, and obligations being released
6. Representations and Warranties: Statements by the releasing party confirming their authority to grant the release and understanding of its implications
7. Governing Law: Specifies that Malaysian law governs the agreement and its interpretation
8. Execution: Formal signing section including date and witness requirements
1. Confidentiality: Optional clause for when the parties wish to keep the terms of the release and underlying dispute confidential
2. Non-Disparagement: Optional clause preventing parties from making negative statements about each other
3. Future Claims: Additional provision specifically addressing the release of unknown future claims
4. Severability: Clause stating that if any provision is found invalid, the rest remains enforceable
5. Return of Property: Section dealing with return of any physical or intellectual property between parties
6. No Admission of Liability: Statement that the release does not constitute admission of wrongdoing by any party
1. Schedule A - Released Claims: Detailed list of specific claims, disputes, or matters being released
2. Schedule B - Excluded Claims: List of any claims or rights specifically excluded from the release
3. Schedule C - Payment Terms: Details of any settlement payment or consideration, if applicable
4. Appendix 1 - Related Entities: List of affiliated entities or individuals covered by the release
Business Day
Claims
Completion Date
Confidential Information
Consideration
Effective Date
Excluded Claims
Governing Law
Identity Card
Liabilities
Losses
NRIC Number
Parties
Released Claims
Released Matters
Released Party
Releasing Party
Related Entities
Representatives
Ringgit Malaysia
Settlement Sum
Signing Date
Subject Matter
Witness
Recitals
Definitions
Release
Consideration
Indemnification
Confidentiality
Non-Disparagement
Representations and Warranties
Known and Unknown Claims
No Admission of Liability
Return of Property
Governing Law
Jurisdiction
Severability
Integration
Amendment
Assignment
Notices
Counterparts
Authority to Execute
Binding Effect
Acknowledgment
Execution
Legal Services
Financial Services
Healthcare
Construction
Manufacturing
Real Estate
Technology
Retail
Professional Services
Entertainment
Education
Insurance
Legal
Human Resources
Risk Management
Compliance
Operations
Finance
Executive Leadership
Administrative
Corporate Governance
Business Development
Legal Counsel
Human Resources Manager
Risk Manager
Compliance Officer
Project Manager
Business Development Manager
Operations Director
Contract Administrator
Chief Financial Officer
Chief Executive Officer
Settlement Officer
Claims Manager
Corporate Secretary
General Manager
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