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1. Parties: Identification of all parties to the original contract and the rescission agreement
2. Background: Reference to the original contract, including date and subject matter, and brief context for the rescission
3. Definitions: Key terms used in the rescission agreement, including references to the original contract
4. Rescission Declaration: Clear statement of the parties' agreement to rescind the original contract
5. Effective Date: Specification of when the rescission becomes effective
6. Return of Consideration: Details of how any money, property, or other consideration will be returned between parties
7. Mutual Release: Release of all claims and obligations under the original contract
8. Representations and Warranties: Statements confirming parties' authority to enter into rescission and that no third-party rights are affected
9. Governing Law: Specification of the jurisdiction governing the rescission agreement
10. Execution: Signature blocks and execution requirements
1. Disputed Claims Resolution: Include when there are outstanding disputes between parties that need to be resolved as part of the rescission
2. Confidentiality: Include when parties wish to maintain confidentiality about the rescission or original contract
3. Tax Implications: Include when the rescission has significant tax consequences that need to be addressed
4. Third Party Rights: Include when the rescission affects rights or obligations of third parties
5. Regulatory Compliance: Include when specific regulatory requirements must be met for the rescission
6. Survival Clauses: Include when certain provisions of the original contract need to survive the rescission
7. Payment Terms: Include when there are specific payment arrangements for unwinding the contract
1. Schedule A - Original Contract: Copy or summary of the contract being rescinded
2. Schedule B - Settlement Statement: Detailed breakdown of any financial settlements or adjustments
3. Schedule C - Return of Property Schedule: List of physical or intellectual property to be returned or transferred
4. Appendix 1 - Proof of Authority: Documentation of authority to execute the rescission (if required)
Original Contract
Effective Date
Rescission Date
Parties
Restitution
Consideration
Original Consideration
Contract Price
Settlement Amount
Released Claims
Released Parties
Dispute
Confidential Information
Business Day
Force Majeure
Intellectual Property
Material Breach
Outstanding Obligations
Performance
Representatives
Return Date
Settlement Period
Termination
Third Party Rights
Governing Law
Jurisdiction
Liability
Mutual Release
Surviving Provisions
Recitals
Definitions
Rescission Declaration
Effective Date
Restitution
Return of Property
Mutual Release
Settlement Terms
Payment Obligations
Confidentiality
Representations and Warranties
Indemnification
Dispute Resolution
Governing Law
Jurisdiction
Notices
Entire Agreement
Severability
Amendment
Waiver
Assignment
Third Party Rights
Costs
Force Majeure
Survival
Counterparts
Authority
Further Assurance
Execution
Legal Services
Real Estate
Financial Services
Manufacturing
Retail
Technology
Healthcare
Construction
Professional Services
Education
Entertainment
Hospitality
Transportation
Energy
Telecommunications
Legal
Compliance
Risk Management
Operations
Contract Administration
Business Development
Finance
Procurement
Sales
Executive Leadership
Corporate Governance
Project Management
Legal Counsel
Contract Manager
Business Development Manager
Chief Legal Officer
Compliance Officer
Risk Manager
Corporate Secretary
Operations Manager
Project Manager
Chief Executive Officer
Chief Financial Officer
Procurement Manager
Account Executive
Sales Director
General Manager
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