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1. Parties: Identification and details of all contracting parties
2. Background: Context of the original contract and reasons for mutual termination
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Specific date when the contract will terminate
5. Mutual Release: Mutual release of claims and obligations between parties
6. Settlement of Accounts: Details of final payments, settlements, and outstanding obligations
7. Return of Property: Requirements for returning company property, documents, and materials
8. Continuing Obligations: Obligations that survive termination (if any)
9. Tax Provisions: Treatment of tax implications and responsibilities
10. Governing Law: Confirmation of Belgian law as governing law and jurisdiction
11. Entire Agreement: Standard clause confirming this document represents the entire agreement
12. Execution: Signature blocks and execution requirements
1. Confidentiality: Ongoing confidentiality obligations, used when sensitive information was shared
2. Non-Competition: Continuation or modification of any non-compete provisions, if applicable
3. Employee Benefits: Details of handling benefits if terminating employment contracts
4. Intellectual Property Rights: Clarification of IP ownership post-termination
5. Reference and Announcements: Agreement on public statements and references, particularly relevant for employment contracts
6. Assistance with Transition: Terms for transitional support or handover if required
7. Dispute Resolution: Specific dispute resolution procedures if desired beyond standard court jurisdiction
1. Schedule 1 - Original Contract: Copy or details of the contract being terminated
2. Schedule 2 - Settlement Calculation: Detailed breakdown of any financial settlements
3. Schedule 3 - Company Property List: Inventory of items to be returned
4. Schedule 4 - Outstanding Obligations: List of any continuing obligations or outstanding matters
5. Appendix A - Release Form: Standard release form if required by Belgian law
6. Appendix B - Tax Declaration: Required tax forms or declarations
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