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1. Contract Details: Identifies the specific contract being terminated, including its date, parties, and reference numbers
2. Grounds for Termination: States the specific clause(s) in the original contract being relied upon for termination, or the circumstances justifying termination
3. Effective Date: Clearly states when the termination takes effect, including any notice period requirements
4. Outstanding Obligations: Lists any payments, deliverables, or actions that must be completed before or after termination
5. Return of Property: Specifies requirements for returning any physical or intellectual property, equipment, or documents
6. Confidentiality: Confirms the continuation of any confidentiality obligations post-termination
7. Final Settlement: Details of any final payments, reconciliations, or financial settlements required
1. Dispute Resolution: Include if there are specific dispute resolution procedures to be followed in case of disagreement about the termination
2. Survival Clauses: Include if specific obligations from the original contract need to survive the termination
3. Mutual Release: Include if parties agree to release each other from future claims related to the contract
4. Transition Arrangements: Include if there needs to be a handover period or specific transition requirements
5. Third Party Notifications: Include if there are requirements to notify other parties about the termination
6. Non-Competition/Non-Solicitation: Include if relevant restrictive covenants continue post-termination
1. Schedule 1: Outstanding Payments: Detailed list of any outstanding payments or financial reconciliations required
2. Schedule 2: Property Inventory: List of all physical or intellectual property to be returned or transferred
3. Schedule 3: Completion Checklist: Checklist of all actions required to complete the termination process
4. Appendix A: Original Contract: Copy of the original contract being terminated (for reference)
5. Appendix B: Correspondence: Relevant correspondence leading to termination (if applicable)
Business Day
Confidential Information
Contract
Effective Date
Final Settlement Date
Force Majeure Event
Intellectual Property Rights
Notice
Original Contract
Outstanding Obligations
Parties
Post-Termination Obligations
Receiving Party
Return Date
Surviving Provisions
Terminating Party
Termination Date
Termination Notice
Termination Payment
Transition Period
Working Day
Effective Date
Grounds for Termination
Outstanding Obligations
Final Payment
Return of Property
Confidentiality
Intellectual Property
Non-Compete
Non-Solicitation
Mutual Release
Dispute Resolution
Governing Law
Surviving Provisions
Transition Arrangements
Third Party Rights
Indemnification
Warranties
Notices
Entire Agreement
Severability
Assignment
Force Majeure
Costs and Expenses
Professional Services
Information Technology
Manufacturing
Retail
Construction
Healthcare
Education
Financial Services
Real Estate
Telecommunications
Transport and Logistics
Media and Entertainment
Agriculture
Mining and Resources
Hospitality
Legal
Procurement
Commercial
Operations
Finance
Compliance
Risk Management
Contract Administration
Business Development
Supply Chain
Project Management
Account Management
Executive Leadership
Contract Manager
Legal Counsel
Business Development Manager
Procurement Manager
Commercial Director
Operations Manager
Chief Financial Officer
Company Secretary
Risk Manager
Compliance Officer
Project Manager
Account Manager
Supply Chain Manager
General Manager
Chief Executive Officer
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