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1. Letter Header and Date: Formal business letter header including sender's details, recipient's details, and date
2. Reference Line: Clear reference to the original contract being terminated, including its date and reference number
3. Subject Line: Clear indication that this is an acknowledgement of contract termination
4. Contract Identification: Details of the original contract including parties involved, date of execution, and subject matter
5. Termination Details: Specific details about the termination including effective date and basis for termination (mutual agreement, notice period, etc.)
6. Mutual Release: Statement confirming that both parties release each other from future obligations under the contract
7. Final Settlement: Confirmation of any final payments, settlements, or financial arrangements
8. Return of Property: Acknowledgment of return of any company property, documents, or materials
9. Closing and Signatures: Formal closing, space for signatures of both parties, and date of signing
1. Ongoing Obligations: Section specifying any obligations that survive termination (e.g., confidentiality, non-compete) - include when such obligations exist
2. Dispute Resolution: Section addressing how any future disputes will be handled - include when there's significant risk of future disputes
3. Outstanding Projects: Details of any ongoing projects and their handling - include when there are incomplete projects
4. Employee Benefits: Details of continuing benefits or final benefit settlements - include for employment contracts
5. Reference Provision: Terms regarding future references - include in employment contract terminations
6. Intellectual Property: Clarification of IP ownership post-termination - include when IP is involved
1. Final Settlement Statement: Detailed breakdown of any final payments, dues, or settlements
2. Property Return Checklist: List of company property to be returned or confirmed as returned
3. Outstanding Obligations List: List of any surviving obligations or commitments post-termination
Effective Date of Termination
Final Settlement Date
Confidential Information
Company Property
Outstanding Obligations
End of Service Benefits
Notice Period
Settlement Amount
Released Claims
Surviving Obligations
Parties
Business Day
Intellectual Property Rights
Final Payment
Continuing Obligations
Company Documents
Termination Date
Settlement Agreement
Governing Law
Effective Date
Final Settlement
Release of Obligations
Return of Property
Confidentiality
Non-Disclosure
Non-Compete
Settlement Amount
Payment Terms
Mutual Release
Surviving Obligations
Governing Law
Dispute Resolution
Notice
Entire Agreement
Severability
Further Assurance
Counterparts
End of Service Benefits
Outstanding Payments
Intellectual Property Rights
Data Protection
Amendment
Third Party Rights
Construction
Oil & Gas
Professional Services
Financial Services
Real Estate
Technology
Healthcare
Education
Retail
Manufacturing
Hospitality
Transportation
Telecommunications
Media & Entertainment
Energy
Legal
Human Resources
Contracts Administration
Operations
Executive Leadership
Procurement
Administration
Compliance
Risk Management
Legal Counsel
HR Manager
HR Director
Contracts Manager
Project Manager
Business Development Manager
Operations Manager
Chief Executive Officer
Chief Operating Officer
Commercial Director
Procurement Manager
Administrative Manager
Department Head
General Manager
Company Secretary
Compliance Officer
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