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Contract Release Form Template for Austria

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Key Requirements PROMPT example:

Contract Release Form

"I need an Austrian Contract Release Form to terminate a software development agreement with TechSoft GmbH, releasing both parties from all obligations effective March 1, 2025, while maintaining confidentiality provisions from the original contract."

Document background
The Contract Release Form is a vital legal instrument used in Austrian business and personal transactions to formally discharge obligations and waive claims between parties. It finds application in various scenarios, including employment terminations, business partnership dissolutions, settlement agreements, and contract terminations. The document must strictly comply with Austrian Civil Code (ABGB) requirements, particularly regarding the formation of releases (Vergleich) and the validity of waivers. It typically includes specific details about the claims or obligations being released, any consideration being provided, and any obligations that survive the release. The form is particularly important in risk management and dispute resolution, as it provides legal certainty and finality to parties seeking to conclude their obligations or resolve disputes under Austrian law.
Suggested Sections

1. Parties: Identification of all parties to the release agreement, including full legal names, addresses, and registration details for companies

2. Background: Context of the original agreement or relationship, description of circumstances leading to the release

3. Definitions: Definitions of key terms used in the release agreement, including 'Released Claims', 'Effective Date', etc.

4. Release Provisions: Detailed description of claims, rights, and obligations being released, including scope and extent of release

5. Consideration: Statement of consideration being provided in exchange for the release

6. Representations and Warranties: Statements by each party confirming their authority to enter into the release and understanding of its implications

7. Governing Law: Explicit statement that Austrian law governs the release agreement

8. Signatures: Execution block with date and signature lines for all parties

Optional Sections

1. Confidentiality: Terms regarding confidentiality of the release agreement and its terms, used when parties wish to maintain privacy

2. Surviving Obligations: List of any obligations that survive the release, included when certain obligations should continue

3. Non-Disparagement: Mutual agreements not to make negative statements about other parties, used in sensitive situations

4. Tax Implications: Clarification of tax responsibilities, included when release involves monetary consideration

5. Dispute Resolution: Specific procedures for resolving disputes about the release, used in complex situations

6. Partial Invalidity: Severability clause to preserve remainder of agreement if parts are found invalid, used in complex releases

Suggested Schedules

1. Schedule A - Released Claims: Detailed list of specific claims, rights, or obligations being released

2. Schedule B - Original Agreements: List and copies of original agreements being terminated or released

3. Schedule C - Payment Details: Details of any settlement payments or consideration, if applicable

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




























Clauses
























Relevant Industries

Legal Services

Financial Services

Manufacturing

Technology

Construction

Healthcare

Professional Services

Real Estate

Retail

Education

Human Resources

Consulting

Entertainment

Insurance

Relevant Teams

Legal

Human Resources

Compliance

Risk Management

Operations

Corporate Affairs

Administration

Executive Leadership

Business Development

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Human Resources Director

Chief Legal Officer

Risk Manager

Compliance Officer

Business Development Manager

Project Manager

Operations Director

Settlement Administrator

General Counsel

Corporate Secretary

Chief Executive Officer

Human Resources Manager

Legal Administrator

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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