Unconditional Final Release Form Template for Philippines

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Key Requirements PROMPT example:

Unconditional Final Release Form

"I need an Unconditional Final Release Form for our construction company based in Manila, releasing all claims against our subcontractor following the successful completion of the Makati Tower project on March 15, 2025, with a final settlement payment of 2.5M PHP."

Document background

The Unconditional Final Release Form is a critical legal instrument in Philippine business and civil transactions, commonly used to conclude disputes, settle claims, or mark the completion of contractual obligations. This document is particularly relevant in situations where parties seek to achieve a clean break and prevent future claims or litigation. It must comply with the requirements of the Civil Code of the Philippines, particularly regarding contract formation, consent, and the extinguishment of obligations. The form typically includes detailed identification of parties, explicit release language, consideration statements, and representations about the parties' understanding of their rights. Its unconditional nature means that once executed, the release is final and cannot be revoked based on subsequently discovered claims or circumstances.

Suggested Sections

1. Parties: Identifies and defines all parties involved in the release, including the Releasor (party giving the release) and Releasee (party being released)

2. Background: Brief recital of the circumstances leading to the release, including reference to any underlying transactions, disputes, or relationships

3. Definitions: Defines key terms used in the release, particularly the scope of claims being released and relevant dates

4. Release and Discharge: Core section containing the unconditional and absolute release language, specifically detailing what claims, rights, and obligations are being released

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

6. Representations and Warranties: Statements by the Releasor confirming their authority to give the release and understanding of its implications

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

8. Execution: Signature block with notarization provisions as required under Philippine law

Optional Sections

1. Confidentiality: Include when the parties wish to keep the terms of the release and/or the underlying matter confidential

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

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

4. Future Cooperation: Include when ongoing cooperation between parties is required for certain matters

5. Severability: Include in more complex releases to ensure survival of remaining provisions if any provision is found invalid

6. Amendment: Include when parties want to specify the process for any future modifications to the release

Suggested Schedules

1. Schedule A - Released Claims: Detailed list of specific claims, causes of action, or matters being released, particularly useful in complex situations

2. Schedule B - Excluded Claims: List of any specific claims or rights that are not included in the release, if applicable

3. Schedule C - Related Agreements: List of any related agreements or documents that are referenced in or affected by the release

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

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

alex.den.21@genieai.co

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Authors

Alex Denne

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