Release And Cancellation Of Contract Template for Philippines

1. Surviving Obligations: Include when certain provisions of the original contract need to survive the cancellation (e.g., confidentiality obligations)

2. Tax Implications: Include when there are significant tax consequences of the cancellation that need to be addressed

3. Dispute Resolution: Include when parties want to specify how any disputes relating to the cancellation will be resolved

4. Confidentiality: Include when parties need to maintain confidentiality about the cancellation itself

5. Third Party Rights: Include when the cancellation affects rights or obligations of third parties

6. Partial Cancellation: Include when only specific parts of the original contract are being cancelled while others remain in effect

7. Regulatory Compliance: Include when the cancellation requires regulatory notifications or compliance with specific regulations

1. Schedule 1 - Original Contract: Copy or summary of the original contract being cancelled

2. Schedule 2 - Settlement Statement: Detailed breakdown of any financial settlements or payments related to the cancellation

3. Schedule 3 - Property Inventory: List of any property or materials to be returned or transferred between parties

4. Schedule 4 - Outstanding Obligations: List of any obligations that survive the cancellation or need to be fulfilled as part of the cancellation process