General Release Of Claims Template for Philippines

1. Non-Disparagement: Prohibits parties from making negative statements about each other, typically used in high-profile or sensitive cases

2. Confidentiality: Requires parties to keep the terms of the release confidential, used when privacy is important

3. Return of Property: Required when there is company property or documents to be returned, often used in employment-related releases

4. Future Cooperation: Requires parties to cooperate in future matters, often used in corporate or complex dispute situations

5. Tax Implications: Addresses responsibility for taxes on any payments, particularly important for large settlements

6. Revocation Period: Provides a period during which the release can be revoked, sometimes required in employment cases

7. No Re-Employment: Prohibits future employment with the released party, typically used in employment-related releases

1. Schedule A - Released Claims: Detailed list of specific claims being released, particularly useful in complex disputes

2. Schedule B - Payment Terms: Details of any settlement payments, including amount, timing, and method of payment

3. Schedule C - Released Parties: Comprehensive list of all parties being released, including affiliated entities and individuals

4. Appendix 1 - Supporting Documents: Copies of relevant documents referenced in the release

5. Appendix 2 - Acknowledgment Forms: Any required acknowledgment or certification forms to be signed