Release Of All Claims For Property Damage Template for Philippines

1. Insurance Provisions: Include when insurance companies are involved in the settlement, detailing their rights and obligations

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

3. Future Damage Discovery: Include when there's possibility of discovering additional damage related to the same incident

4. Tax Implications: Include when the settlement amount is significant and tax considerations need to be addressed

5. Ongoing Obligations: Include when there are remaining obligations after settlement, such as repairs or maintenance

6. Dispute Resolution: Include when parties want to specify mechanism for resolving future disputes about the release

7. Third Party Rights: Include when the release affects rights of third parties or when third party claims need to be addressed

1. Schedule A - Property Damage Details: Detailed inventory and description of all property damage covered by the release

2. Schedule B - Documentation of Damage: Photographs, repair estimates, and other evidence of property damage

3. Schedule C - Payment Details: Detailed breakdown of settlement amount and payment terms if complex

4. Appendix 1 - Incident Report: Copy of any official incident reports or police reports related to the damage

5. Appendix 2 - Expert Assessment: Any professional assessments or valuations of the property damage