General Release Form

General Release Form Template for Austria

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Key Requirements PROMPT example:

"I need an Austrian General Release Form for the termination of employment relationship with a senior software developer who will be leaving our company on March 15, 2025, including provisions for the return of company equipment and protection of trade secrets."

Document background

The General Release Form is a vital legal instrument in Austrian business and personal dealings, used when parties seek to achieve a clean break and legal finality in their relationships. This document is particularly relevant in situations involving employment terminations, business dispute resolutions, settlement agreements, or the conclusion of commercial relationships. The form must comply with Austrian Civil Code (ABGB) requirements, including provisions regarding contract formation, validity of waivers, and consumer protection laws where applicable. It typically includes comprehensive releases of known and sometimes unknown claims, with specific exceptions as required by Austrian law. The document's importance lies in its ability to prevent future litigation and provide certainty to all parties involved, while ensuring compliance with Austrian legal standards and requirements.

Suggested Sections

1. Parties: Identification of all parties involved in the release, including full legal names, addresses, and any relevant registration numbers

2. Background: Context of the relationship between the parties and circumstances leading to the release

3. Definitions: Clear definitions of key terms used throughout the document

4. Scope of Release: Detailed description of claims, rights, and obligations being released

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

6. Representations and Warranties: Statements confirming the parties' authority, understanding, and voluntary execution of the release

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

8. Entire Agreement: Confirmation that this document represents the complete agreement between parties

9. Severability: Provision ensuring that if any part is invalid, the rest remains enforceable

10. Execution: Signature blocks and date of execution

Optional Sections

1. Confidentiality: Terms regarding confidentiality of the release and its terms, used when sensitive information is involved

2. Future Claims: Specific provisions about unknown future claims, used when complete finality is desired

3. Exceptions to Release: List of specific claims or rights not included in the release, used when certain matters need to be preserved

4. Return of Property: Provisions regarding return of any property or documents, used in employment or business relationship contexts

5. Non-Disparagement: Mutual agreements not to make negative statements, used in sensitive or public-facing situations

6. Data Protection: GDPR-compliant provisions regarding personal data handling, used when personal data is involved

7. Language Declaration: Declaration about the controlling language version, used when multiple language versions exist

Suggested Schedules

1. Schedule A - Released Claims: Detailed list of specific claims being released

2. Schedule B - Excluded Claims: List of claims specifically excluded from the release

3. Schedule C - Property List: Inventory of any property to be returned or transferred

4. Appendix 1 - Related Agreements: List of any related agreements affected by or referenced in the release

5. Appendix 2 - Authorization Documents: Copies of power of attorney or other authorization documents if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 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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