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General Release Waiver Template for Austria

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Key Requirements PROMPT example:

General Release Waiver

"I need a General Release Waiver in English under Austrian law for a senior employee leaving our technology company on March 15, 2025, including confidentiality provisions and the return of company property."

Document background
The General Release Waiver is a crucial legal instrument used in Austrian business and civil contexts to formally document the relinquishment of legal rights, claims, or potential causes of action by one party in favor of another. This document type is commonly employed in various situations including settlement of disputes, employment terminations, accident claims, or business relationship conclusions. The waiver must comply with Austrian civil law (ABGB) requirements and applicable EU regulations to ensure enforceability. It typically includes detailed descriptions of the rights being waived, consideration provided, and necessary acknowledgments by the releasing party. The document is particularly important in risk management and dispute resolution contexts, providing legal certainty for all parties involved while adhering to Austrian legal standards for such agreements.
Suggested Sections

1. Parties: Identification of the Releasing Party (Releasor) and the Party being released (Releasee), including full legal names and addresses

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

3. Definitions: Clear definitions of key terms used in the waiver, including 'Claims', 'Released Matters', and any specific terms relevant to the situation

4. Release and Waiver: Core section detailing the specific rights, claims, and causes of action being waived or released

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

6. Acknowledgments: Statements confirming the Releasor's understanding of the rights being waived and the implications of the release

7. No Admission of Liability: Statement that the release does not constitute an admission of liability by any party

8. Governing Law: Specification that Austrian law governs the agreement and its interpretation

9. Execution: Signature blocks and date of execution

Optional Sections

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

2. Future Claims: Specific provisions regarding the treatment of future or unknown claims, used when relevant to the specific situation

3. Representations and Warranties: Additional declarations by the parties, used in more complex situations or when specific assurances are needed

4. Severability: Clause ensuring that if any provision is found invalid, the remainder of the agreement remains in effect

5. Third Party Rights: Provisions regarding the rights of third parties, used when the release may affect others beyond the immediate parties

6. Return of Property: Terms regarding the return of any property or documents, used in employment or business relationship contexts

7. Data Protection: Specific provisions regarding personal data handling, used when the release involves personal data processing

Suggested Schedules

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

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

3. Appendix 1 - Related Parties: List of additional parties covered by the release (if applicable), such as affiliated companies, officers, directors

4. Appendix 2 - Property List: Inventory of any property to be returned or transferred as part of the release agreement

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

























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Relevant Industries

Legal Services

Human Resources

Insurance

Real Estate

Construction

Healthcare

Professional Services

Manufacturing

Retail

Technology

Education

Sports and Recreation

Entertainment

Financial Services

Relevant Teams

Legal

Human Resources

Risk Management

Compliance

Operations

Corporate Affairs

Contract Administration

Claims Processing

Business Development

Project Management

Relevant Roles

Legal Counsel

HR Manager

Risk Manager

Compliance Officer

Corporate Secretary

Operations Director

Contract Administrator

Claims Manager

Human Resources Director

General Manager

Chief Legal Officer

Business Development Manager

Project Manager

Settlement Officer

Insurance Claims Adjuster

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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