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1. Parties: Identifies and defines all parties to the agreement, including their full legal names, registration numbers (if applicable), and addresses
2. Background: Sets out the context of the agreement, including any relevant history, disputes, or circumstances leading to this agreement
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Payment Terms: Details the amount, timing, and method of payment, including any conditions precedent to payment
5. Release Provisions: Specifies the scope of the release, including what claims are being released and the effective date of the release
6. Representations and Warranties: Standard warranties about authority to enter into the agreement and validity of claims being released
7. Governing Law and Jurisdiction: Specifies Malaysian law as the governing law and establishes jurisdiction for any disputes
8. Execution: Signature blocks and execution requirements for all parties
1. Confidentiality: Include when parties wish to keep the terms of the settlement confidential
2. Tax Provisions: Include when there are specific tax implications that need to be addressed
3. Non-Disparagement: Include when parties wish to prevent negative statements about each other
4. Return of Property: Include when there is physical or intellectual property that needs to be returned as part of the settlement
5. Future Cooperation: Include when ongoing cooperation between parties is required after settlement
6. Severability: Include when parties want to ensure that if any provision is invalid, the rest of the agreement remains effective
7. Entire Agreement: Include when parties want to ensure this agreement supersedes all previous agreements or understandings
1. Schedule 1 - Payment Schedule: Detailed breakdown of payment amounts, dates, and methods if payment is to be made in installments
2. Schedule 2 - Released Claims: Detailed list of specific claims, disputes, or matters being released
3. Schedule 3 - Required Documentation: List of documents to be exchanged or executed as part of the settlement
4. Appendix A - Form of Release: Standard form of release document if separate releases need to be executed
5. Appendix B - Bank Details: Banking information for payment processing if required
Release
Confidentiality
Representations and Warranties
Non-Admission of Liability
Non-Disparagement
Tax
Further Assurance
Assignment
Severability
Entire Agreement
Force Majeure
Notices
Costs
Amendment
Waiver
Counterparts
Third Party Rights
Governing Law
Jurisdiction
Authority
Indemnification
Time of Essence
Stamp Duty
Dispute Resolution
Financial Services
Manufacturing
Construction
Real Estate
Professional Services
Healthcare
Technology
Retail
Mining and Resources
Education
Transportation and Logistics
Insurance
Legal
Finance
Human Resources
Risk Management
Compliance
Treasury
Corporate Secretariat
Operations
Contract Administration
Legal Counsel
Chief Financial Officer
Human Resources Director
Risk Manager
Compliance Officer
Claims Manager
Settlement Officer
Corporate Secretary
Finance Director
General Manager
Chief Executive Officer
Operations Director
Contract Manager
Treasury Manager
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