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1. Parties: Identification of all contracting parties, including full legal names and addresses
2. Background: Context of the original agreement, reason for termination, and reference to the original contract being terminated
3. Definitions: Definitions of key terms used in the agreement, including reference to any defined terms from the original contract that remain relevant
4. Termination: Clear statement of termination, effective date, and mutual agreement to terminate
5. Settlement of Accounts: Details of any final payments, reconciliation of accounts, or financial settlements between the parties
6. Return of Property: Obligations regarding the return of any physical or intellectual property, documents, or materials
7. Mutual Release: Release of claims and obligations between parties, except as specifically preserved in the termination agreement
8. Surviving Provisions: Identification of any provisions from the original agreement that will survive termination
9. Confidentiality: Ongoing obligations regarding confidential information and trade secrets
10. Governing Law: Confirmation of Dutch law as governing law and jurisdiction
11. Execution: Signature blocks and execution requirements
1. Non-Compete Obligations: Include when the original agreement contained non-compete provisions that need to be addressed
2. Intellectual Property Rights: Include when IP rights need to be specifically addressed post-termination
3. Employee Matters: Include when termination affects employment relationships or contractor arrangements
4. Tax Provisions: Include when there are specific tax implications that need to be addressed
5. Insurance and Indemnification: Include when there are ongoing insurance or indemnification obligations
6. Public Announcements: Include for high-profile contracts or when public disclosure needs to be managed
7. Transition Assistance: Include when one party needs to provide transition support to the other
8. Data Protection: Include when personal data processing is involved and GDPR implications need to be addressed
1. Schedule 1 - Settlement Statement: Detailed breakdown of final financial settlements and payments
2. Schedule 2 - Property Inventory: List of properties, documents, or materials to be returned or transferred
3. Schedule 3 - Surviving Obligations: Detailed list of specific obligations that survive termination
4. Appendix A - Original Agreement: Copy of the original agreement being terminated
5. Appendix B - Release Forms: Any specific release or waiver forms required to be executed
6. Appendix C - Handover Schedule: Timeline and process for any transitional arrangements
Original Agreement
Effective Date
Termination Date
Parties
Confidential Information
Intellectual Property Rights
Outstanding Obligations
Settlement Amount
Settlement Period
Released Claims
Surviving Provisions
Business Day
Force Majeure
Dispute
Governing Law
Property
Representatives
Affiliate
Consideration
Completion
Warranties
Material Breach
Liability
Indemnification
Notices
Assignment
Third Party Rights
Waiver
Costs
Interest
Transition Period
Handover Process
Retained Records
Settlement Statement
Release
Encumbrance
Claim
Definitions
Termination
Mutual Release
Settlement Terms
Payment Obligations
Return of Property
Confidentiality
Non-Disclosure
Non-Compete
Non-Solicitation
Intellectual Property
Data Protection
Surviving Provisions
Representations and Warranties
Further Assurance
Severability
Entire Agreement
Amendment
Assignment
Third Party Rights
Notices
Force Majeure
Waiver
Costs
Interest
Governing Law
Jurisdiction
Dispute Resolution
Indemnification
Transition Arrangements
Public Announcements
Tax Matters
Insurance
Compliance with Laws
Execution
Technology
Manufacturing
Professional Services
Retail
Construction
Healthcare
Financial Services
Transportation & Logistics
Energy
Real Estate
Telecommunications
Education
Media & Entertainment
Agriculture
Consumer Goods
Legal
Procurement
Finance
Operations
Commercial
Risk & Compliance
Business Development
Sales
Executive Leadership
Administrative
Contract Management
Legal Counsel
Contract Manager
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Commercial Director
Procurement Manager
Operations Manager
Project Manager
Risk Manager
Compliance Officer
General Manager
Account Manager
Sales Director
Business Owner
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