Deed Of Release And Quitclaim With Undertaking Template for Philippines

1. Non-Admission of Liability: Optional clause stating that the deed does not constitute admission of liability by any party, used when settling disputes

2. Return of Property: Used when physical items or documents need to be returned as part of the release

3. Non-Disparagement: Optional clause preventing parties from making negative statements about each other, often used in employment-related releases

4. Survival of Obligations: Specifies which obligations survive the release, used when certain commitments need to continue

5. Tax Provisions: Added when there are specific tax implications that need to be addressed

6. Further Assurance: Optional clause requiring parties to execute additional documents if needed, used in complex situations

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

2. Schedule B - Consideration Details: Breakdown of any monetary or non-monetary consideration, including payment terms if applicable

3. Schedule C - Specific Undertakings: Detailed list of specific undertakings or commitments agreed to by the parties

4. Schedule D - Returned Items: Inventory of any properties or documents to be returned, if applicable

5. Appendix 1 - Related Agreements: Copies or references to related agreements affecting the release and quitclaim