Indemnity Release Form Template for Philippines

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Key Requirements PROMPT example:

Indemnity Release Form

"I need an Indemnity Release Form for our manufacturing company in Manila to release a contractor from all claims related to their completed factory equipment installation project, which will conclude in March 2025, including specific provisions for technical documentation handover and final inspection requirements."

Document background
The Indemnity Release Form is a crucial legal instrument used in the Philippines when one party wishes to release another from potential or existing legal claims, liabilities, or obligations. This document is commonly utilized in various scenarios including post-accident settlements, business transactions, employment separations, or project completions. It must comply with the Civil Code of the Philippines, particularly Articles 1231 and 2047 regarding the extinguishment of obligations and compromises. The form typically includes specific details about the incidents or claims being released, consideration provided, and clear identification of all parties involved. It's essential for risk management and dispute resolution, providing legal finality to potentially contentious situations while ensuring all parties' rights are properly protected under Philippine law.
Suggested Sections

1. Parties: Identifies and defines all parties involved - the Releasor (person giving the release) and Releasee (person being released from liability)

2. Background: Brief context of the situation leading to the release, including relevant dates and circumstances

3. Definitions: Defines key terms used in the document, including 'Claims', 'Incident', and other relevant terms

4. Release and Indemnification: Core section detailing the scope of release and indemnification, specifically what claims or liabilities are being released

5. Consideration: States the consideration being provided in exchange for the release (even if nominal)

6. Representations and Warranties: Statements by the Releasor regarding their understanding of the agreement and authority to enter into it

7. Governing Law: Specifies that Philippine law governs the agreement and its interpretation

8. Execution: Signature block with appropriate attestation requirements under Philippine law

Optional Sections

1. Future Claims: Optional waiver of unknown future claims - use when a complete and final release is intended

2. Confidentiality: Include when the parties wish to keep the terms of the release confidential

3. Non-Admission of Liability: Include when the Releasee wants to explicitly state that the release does not constitute an admission of liability

4. Severability: Include to ensure remainder of agreement remains valid if any provision is found unenforceable

5. Return of Property: Include when there is physical property or documents that need to be returned as part of the release

6. Insurance: Include when insurance policies or claims are involved in the release

Suggested Schedules

1. Schedule A - Description of Incident: Detailed description of the incident or circumstances leading to the release

2. Schedule B - Released Claims: Itemized list of specific claims being released

3. Schedule C - Excluded Claims: List of any claims specifically excluded from the release (if applicable)

4. Appendix 1 - Supporting Documents: Copies of relevant documentation referenced in the release (accident reports, medical records, etc.)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Construction

Manufacturing

Healthcare

Education

Real Estate

Transportation

Insurance

Sports and Recreation

Entertainment

Professional Services

Retail

Technology

Energy

Mining

Agriculture

Tourism and Hospitality

Relevant Teams

Legal

Risk Management

Compliance

Human Resources

Operations

Project Management

Contract Administration

Safety and Security

Insurance

Corporate Secretariat

Business Development

Facility Management

Quality Assurance

Relevant Roles

Legal Counsel

Risk Manager

Compliance Officer

Human Resources Director

Operations Manager

Project Manager

Contract Administrator

Safety Officer

Insurance Claims Manager

Corporate Secretary

Business Development Manager

Facility Manager

Site Supervisor

Quality Assurance Manager

General Manager

Chief Legal Officer

Chief Risk Officer

Chief Compliance Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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