Agreement And Release Template for Philippines

1. Non-Admission of Liability: Include when the release relates to disputed matters and the paying party wishes to explicitly state that the settlement does not constitute an admission of liability

2. Future Cooperation: Include when parties need to specify any ongoing obligations or cooperation requirements after the release

3. Tax Provisions: Include when the consideration or settlement amount has tax implications that need to be addressed

4. Non-Disparagement: Include when parties wish to prevent negative statements about each other after the release

5. Return of Property: Include when there is physical or intellectual property that needs to be returned or transferred between parties

6. Severability: Include when parties want to ensure that if any provision is found invalid, the rest of the agreement remains effective

7. Amendment Provisions: Include when parties want to specify procedures for future modifications to the agreement

8. Insurance and Indemnification: Include when ongoing indemnification obligations need to be addressed or preserved

1. Schedule A - Released Claims: Detailed list of specific claims, disputes, or rights being released

2. Schedule B - Settlement Payment Terms: Details of any settlement amounts, payment schedules, and payment methods

3. Schedule C - Excluded Claims: List of any claims or rights specifically excluded from the release

4. Appendix 1 - Related Agreements: Copies or references to any related agreements affected by or relevant to the release

5. Appendix 2 - Corporate Authorizations: Copies of corporate resolutions or other authorization documents if parties are corporations

6. Appendix 3 - Property Schedule: Detailed list of any property to be transferred or returned between parties